I wanted to begin with the weekly chart on Microsoft. It has started to subdivide lower into its Cycle Wave II of SC Wave (III). The box I have marked is a very big target zone I know, but it is entirely possible for MSFT to fall this far and could possibly go even lower. However, the next move up after that will be a HUGE bull rally.
That is the long-term outlook though. MSFT could give us OMH this upcoming week to 318 at the 1.0. The 1.0 is the only reason I say we could still get that OMH. Tomorrow I will post the 4HR chart and give a closer count of where we are and where we're headed next.
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Bonam Fortunam,
--Tyler