No change in last week’s outlook. The stock has tripped a conventional sell signal that portends more downside over the next 6-8 days to at least p=493.67. That’s the midpoint Hidden Pivot support of a large, bearish rABC pattern projecting to as low as d=431.89. Regardless, p looks like it will be an opportune spot to attempt tightly stopped bottom-fishing. As always, a decisive breach of the midpoint would shorten the odds of more slippage to the D/d target.
MSFT – Microsoft (Last:522.04)
