The stock is on a ‘mechanical’ short signaled when it poked energetically above 435.47 last week. The 373.39 downside target advertised here earlier looks likely to be achieved. If so, it would be a down payment on a bigger drop to around 300, which I continue to expect. It will also provide an appealing place to bottom-fish, notwithstanding that it has appeared on my front page, available to paying subscribers only. It’s possible MSFT will resume bull-market leadership with a strong rebound from 373.39. However, I will continue to favor Bitcoin as my #1 bellwether, since it reflects the manic speculative energy that has fueled the bull market since covid.
MSFT – Microsoft (Last:396.99)
