MSFT: Bearish Crab with Double MACD Bearish Divergence
Updated
Microsoft has traded up to a 1.618 Fibonacci Extension and has formed a Bearish Crab with Double MACD Bearish Divergence, so long as $350 holds as resistance, I think it could go as low as about $295 to fill the gap below.
In the meantime, I have sold $350 multi-week calls.
In the meantime, I have sold $350 multi-week calls.
Trade active
If we get weak guidance while the price is prepped at these levels the price should very easily go down to the common/deep retrace levels and take most of the big indexes with it.Trade active
We have Bearish Confluence between a Perfect Bearish Shark and a Bearish Crab with the 61.8% Retrace at around $271 and the 88.6% Retrace at around $229.50: 
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