MSFT has been down trending following this parallel channel's support & resistance, now testing resistance at $280 which is perfectly aligned with the daily 200MA & 0.5 fib level.Fundamentally, fear from Q3 results because of interest rates hike & recession doubts, share holders will take partial profits at $280 or a little bit higher protecting themselves from the negative earnings impact.
DXY soaring:
DXYTrade closed: target reached
Down way lower since this
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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.