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$MSFT Topping Tail Friday Spells End Of Bull Market

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

The biggest bull markets end in euphoria, the scariest bear markets end in all-out panic. We saw the panic side in March 2009 and we saw the euphoria reach a climax this past Friday when Amazon (AMZN), Alphabet (GOOGL), Intel (INTC) and Microsoft Corporation (NASDAQ:MSFT) surged on earnings. While the search was something most investors had never seen before, Microsoft Corp and Alphabet put in major bearish topping tails that signal a likely end to the bull market run. Most investors will call me crazy, actually, most will call me far worse names but the charts tell the truth and Microsoft Corp put in a topping tail for the ages. This is now done. It should not take out the high from Friday $86.20 and should continue lower for at least a year. First support will be $77.85, but further downside will likely yield a move far lower. Bookmark this post and look back on it in 6 months or a year. Happy trading!

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Bearish investor topping tail sell trade on Microsoft Corp


This article was written by Tony Jackson for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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