MSFT printed a topping tail on the daily chart and pulled back but never tagged the triple top, so the tail carries less weight. Triple tops are not favored shorts because a third test tends to pause, consolidate and then break out; he is watching whether MSFT breaks out or reverses.

All right Microsoft today I did think this was kind of interesting. It had a topping tail on the daily chart. Did pull back a little. What bothered me is we never tagged this triple top.

In addition, I will say this, guys. Triple tops are not my favorite shorts. Double tops, yes, double tops are great. By the time it hits the third time, there's a tendency for it to kind of pause, consolidate, and then break out.

So, again, I thought it was interesting we got a topping tail, but we didn't. If the topping tail had happened at the triple top, I would have given it more credence. It didn't.

So, I'm watching this very carefully. Does it break out here or does it reverse? I'll monitor that closely.