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Microsoft has likely put in a near term top

Short
Microsoft Corp. (NASDAQ:MSFT)  
Trading-Capital  
NASDAQ:MSFT   Microsoft Corp.
Chart Patterns Microsoft (MSFT) AAPL QQQ NASDAQ 100 CFD nasdaq SPDR S&P 500 ETF (SPY) XLK yields
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chartpattern msft aapl qqq ndx nasdaq spy xlk yields
Microsoft just provided an epic sell signal to the market.

The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging.

If the second largest company has put in a near term high, we could see the tech sector subdued.

Now we wait for other sell signals.

A 50% retrace is typical after a strong reversal but so is a gap down.
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