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548.24, 545.5, 544.05.


Three numbers, seven hours, $MSFT sliding all the way back down.
What I’ve heard is: a breakout needs volume.
Fine, then let’s look at the volume.
The 03:00 candle that took 548.18: 45k contracts.
The 20:00 candle that only reached 543.46: 100k contracts.
The higher it went, the less volume there was,
less than half.
Following this logic,
there were no buyers above 548; it was just pushed up for a look.
Now at 544.05, 1.4 below the 545.5 close of the candle that made the high.
If it breaks 544.07 and fails to rebound past 545.9,
I’ll short, targeting 539.58, with a stop above 545.9.
(Not investment advice; trade at your own risk)
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