MSFT Daily Chart
MSFT is holding a strong support level around 385. In the last two trading days (11 & 2 Jan 2024), it did not break this support level.
MSFT went up from the lower trendline of its channel around 367. This is when the 5th wave of the impulsive wave started.
MSFT will continue to rise sharply in the 5th wave and peak around 410.
When MSFT reaches 410, AAPL would have closed its gap of 192, AMZN would have hit the upper trend line of its rising channel at 165 and NVDA would have completed its 5th wave around 580.
Around this time, which is between a week to two weeks from now, SPX would start a correction, if not a severe reversal.
MSFT is holding a strong support level around 385. In the last two trading days (11 & 2 Jan 2024), it did not break this support level.
MSFT went up from the lower trendline of its channel around 367. This is when the 5th wave of the impulsive wave started.
MSFT will continue to rise sharply in the 5th wave and peak around 410.
When MSFT reaches 410, AAPL would have closed its gap of 192, AMZN would have hit the upper trend line of its rising channel at 165 and NVDA would have completed its 5th wave around 580.
Around this time, which is between a week to two weeks from now, SPX would start a correction, if not a severe reversal.