$MSFT - Math defies logic
Updated
National wide, possible global database crash today grounds all flights, cripples hospitals, scares the doot out of people.
Short Microsoft right? Well, let's look at the chart.
Bottom of regression channel after some powerful movement long term. It needed to correct.
Fibs show support, hammered off of the bottom of the current fib channel even under incredible negative real life PR. Can't make this PR up, it's devestating.
Airline stocks down across the board on this news..... MSFT is not?
It got killed pre-hours at 8am, big drop, but recovered on open.
If it holds this FIB level, it moves back up and is a good entry position after a long period of overcooked RSI
My confirmation is when teh stochastics and trend meter show the reversal on the 1 hour chart which is occurring now.
Not trade advice.
Short Microsoft right? Well, let's look at the chart.
Bottom of regression channel after some powerful movement long term. It needed to correct.
Fibs show support, hammered off of the bottom of the current fib channel even under incredible negative real life PR. Can't make this PR up, it's devestating.
Airline stocks down across the board on this news..... MSFT is not?
It got killed pre-hours at 8am, big drop, but recovered on open.
If it holds this FIB level, it moves back up and is a good entry position after a long period of overcooked RSI
My confirmation is when teh stochastics and trend meter show the reversal on the 1 hour chart which is occurring now.
Not trade advice.
Note
blood bath in market and this is still in range of prediction. crazyNote
off path but still alignedNote
Path is officially broken.... we may see a full market retracement breaking all long calls on my ideas for a moment
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