Hey traders,
MSFT has been tanking the last few days. Unfortunately, I don't think it's going to stop until we hit the 200-price tag.
MSFT is in a downtrend like the rest of the market. RSI & MACD are both in a bearish divergence. MACD just crossed the 0 plane into negative territory.
With important economic news coming up in the next few days, I think MSFT will react in the same manner that the market is going to. With this assessment I believe MSFT as well as the SPY and QQQ, will have downside ahead.
Unemployment doesn't seem to be increasing, which is bad for the fed.
Also earning reports will show a lot more misses than I think people assume. Rates have increased too much too fast. The earnings reports will be the first indicator that this is true as well.
Good luck to everyone trading, All feedback is welcome, even you crabby traders also I wish you well! ;)
MSFT has been tanking the last few days. Unfortunately, I don't think it's going to stop until we hit the 200-price tag.
MSFT is in a downtrend like the rest of the market. RSI & MACD are both in a bearish divergence. MACD just crossed the 0 plane into negative territory.
With important economic news coming up in the next few days, I think MSFT will react in the same manner that the market is going to. With this assessment I believe MSFT as well as the SPY and QQQ, will have downside ahead.
Unemployment doesn't seem to be increasing, which is bad for the fed.
Also earning reports will show a lot more misses than I think people assume. Rates have increased too much too fast. The earnings reports will be the first indicator that this is true as well.
Good luck to everyone trading, All feedback is welcome, even you crabby traders also I wish you well! ;)