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Microsoft Corporation – breach of a trending resistance line that has been tested at least twice before.

Microsoft Corporation has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 3 days and suggests a target line to be around 177.45 within the next 8 hours.

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We expect CT to trend upwards today with a 71.43% chance.

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We expect a $83,688.42 movement on ES within the next 12 hours.

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