Microsoft has likely put in a near term top

Microsoft just provided an epic sell signal to the market.

The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging.

If the second largest company has put in a near term high, we could see the tech sector subdued.

Now we wait for other sell signals.

A 50% retrace is typical after a strong reversal but so is a gap down.