Here's a reversal picture for MSFT: the last wave 5 up never looked complete, so the market has finally decided to go for it. I am not sure if the top will be hit before or after the earnings, but this top is going to be significant for MSFT and for the whole SPX index as well. In its upward movement of 2009-2015 MSFT has retraced so far 0.886 of its prior decline of 2000-2008. Once the upward movement is complete it will enter its impulsive wave C down which is supposed to take down the 2008 low of 14.87.
