It’s been a while since my previous post and the market is sort of stalling recently since then. Let’s dive into some technicals and see what’s brewing.
MSFT
Microsoft could be finally ending bullish price action and this wouldn’t be what the S&P500 bulls would desire as it’s now the darling and leader market cap-wise instead of Apple.
I pointed out the bullish pennant towards the start of 2024 and the stock pushed up towards the 420-430 target we set out back then when first breaking out.
Look over the letter where I bring up Microsoft 420 resistance
(where we may now be distributing to late buyers)
GLD
We have been bringing up Gold for quite some time now and the commodity has been gaining strength now in 2024.
OXY
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