MSFT’s monthly chart is companionable with the picture I’ve provided of the September E-Mini S&Ps (see above). The move through p=469.29, the midpoint Hidden Pivot, occurred with such swift force that there can be little doubt the stock will achieve D=593.75, exactly 80 points above. A swoon first to x=407.04, the green line, seems unlikely, but it would trigger a very enticing ‘mechanical’ buy that you shouldn’t pass up. A shortable stall at p2=531.54, (the secondary Hidden Pivot) is probably a better bet, so be ready with a tightly stopped offer if the stock gets there this week. The one-off ‘A’ low I’ve chosen is well formed and could give us an edge if most other traders use the ‘marquee low’ at 213.43 to peg a top. it would be nearly six points above ours, at 599.s1.
MSFT – Microsoft (Last:513.71)
