Microsoft just provided an epic sell signal to the market.
The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging.
If the second largest company has put in a near term high, we could see the tech sector subdued.
Now we wait for other sell signals.
A 50% retrace is typical after a strong reversal but so is a gap down.
The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging.
If the second largest company has put in a near term high, we could see the tech sector subdued.
Now we wait for other sell signals.
A 50% retrace is typical after a strong reversal but so is a gap down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.