MSFT TRADE (Short)

Here's a good one for options traders. MSFT is another market bellwether and whether you trade it or not, it's one that should be on your market watchlist to gauge the health of the market. Personally, I like the trade in the area.

 MACD is trending down meaning the trend momentum on the upside has turned dow. There's a trendline also, you'll see it better on the next chart. Note the false breakout on volume and support at the 50-day moving average. A limit order under the 50-day average is another possible entry into the trade.

 This region is a possible stop area, but note the trendline.

 3C 60 minute, negative divergence

 10-min negative divergence

 5 min negative divergence

I'd prefer an initially wider stop using the Trend Channel around $28.75 or so.

This will be on the trade list as of now.