Microsoft seem to have made intermittent top. Look for reversal
MSFT has fallen in 5 waved from the top made in July and in process of retracing that down-move in ABC. The fall from top could be either a larger degree wave 1 or wave A. In both cases, soon wave 3 or C down should start since the wave 2/B has completed 61.8% retracement which is at 436.73. Stock closed below that level yesterday which makes me wonder if the down-move in wave 3/C has begun already.Assuming down-move has started, we should head towards 364 as per wave equality (3=1 or A=C), though if economic macros stay recessionary then the move could stretch to 1.6 or 2.6 times the size of wave 1/A (in log).
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