MSFT reacts to gravity, but is it short lived?We are finally getting an alternating wave iv (black) that should provide some consolidation before making it's final high in what I'm counting as a long term major top. There is a smaller chance this top is a local top in purple wave 3 with a deeper consolidation to come followed by another push higher...but I must add that at this juncture, to realize a push above $416 will constitute the minimum waves in place for completion.
If you're long Microsoft, it makes sense to raise cash on any further strength.
Best to all,
Chris