ekaithula

ekaithula

Fundamentally, Microsoft is a strong. This is a simple analysis of the gaps below after it broke through a long term support line. using daily candle notice how price bounced around the 1st gap. There are still plenty of gaps below so trade with caution for the rest of the year. Measured by market cap Microsoft is one of the largest companies on the NASDAQ.

ekaithula

Here is an update to the previous NQ chart. The downward trending channel SHOULD constrain tech until the yearly cycle low. The break out of the channel will be relatively weak.

ekaithula

Stocks are overdue for a year cycle. After the year cycle low is printed stocks will start a new year cycle. Note that the new year cycle starting will be in the context of the credit cycle correction. This will cap how high stocks can rise until the credit cycle correction is completed.

ekaithula

Like all things the stock market seems to follow a rhythm despite attempts by external influences. It seems the stock market is seeking out a year cycle low before if can start another leg up. Please not the path is NOT an indicator of how high or low the market could go. The Arrows are just an indicator of direction with an estimate of turn dates.

ekaithula

Hey folks. This is my first chart sharing so I appreciate any critical and contrastive feedback. Looks like we stuck in a channel that could break either way. So far I am long with a take profit around 312 and a tight stop.