Hello, dear Traders!
Monfex is at your service and today we overview MSFT.
Microsoft's report exceeded analysts expectations. Since the company's forecast for cloud services was higher than expected.
A Flat top triangle pattern is here, the price near resistance zone by breakout of which will be a stong signal to buy.
Another side: a bearish divergence by RSI...
When some asks me: "All is ok with American economy".
My answer is: "Yes, ofcourse, it just prepare to smash down:)"
There is two point for short:
1st at 2900 1 hour resistant.
2nd at 2961.daily resistans.
I will wait for 2nd to short.
S&P500 still in main move down.
The best point for short near 2961.
Also, it can be little lower at 2935.
I invite you on my YouTube channel named as USOIL WTI. I will make live broadcast today at 11:00 AM by Chicago
You can ask Your questions about any instrument You want.
Is it something wrong with my yesterday plan?
Of course not))) I just wait for better point to open short.
The Best point for short is 2961. But will price reach it?
Most of the people tell me: "Just relax, it is move down before new high on S&P500".
But I don't think so.
Price moves down now. Main target at 2700.
I wait for opportunity to open short.
The Best point for enter is near 2961, but price, also can fall from here.
