Technical Trades
Technical Analysis applied to Stocks and Futures.

MSFT has popped after hours and I just took a short at 24.20 to risk 2%. I’ll add charts later, but this pop is a fuzzy C corrective move on the daily. It’s anticipatory prior to C confirming, but the daily gap resistance and daily band resistance here offers good r/r. I note monthly price action relative to bands 2 months ago is suggestive that this strength is worth shorting into, to target at least 5 more impulses down on the daily to the $15.00 price support area. The weekly band action in mid-May and early June is also very bearish in nature.
Short 24.20. Risk 2%. Target 38%. Reward/risk ratio is 19 and excellent.