$MSFT earnings? Could we see another drop to $370?

META had a negative reaction to earnings yesterday. I was originally thinking that MSFT's earning reaction would be positive but as I look at the chart and options flows, I'm starting to think we're going to see a negative reaction.

I think most likely outcome is that we drop from here to around the $370 level, if that level can hold there's potential for one more rally into May to the $454 level. Otherwise if it can't, we risk seeing more downside to the lower levels.

Let's see what happens after the market closes.

Comment:

Welp, looks like the original idea was right. Initial reaction was up.