MSFT is strong as a safe haven; technicals show support at 503.39 and upside to 531.32.

Uh next up, we've got MSFT. Look at Microsoft pushing up nicely today amongst the sea of red that we already did cover here on the charts. Great gains here for a mega cap.

That also should be news to you, folks, that when we are under some severe selling pressure, yes, the mega caps can get hit, but they are also a likely first place of safety for investors to go to since they do have very deep pockets, and they do also generate fantastic revenue, and they've got a lot of participation with market investors wanting to ensure these prices maintain.

But as you can see through the chart, it will have pullbacks. It's just one of those stocks that it's harder to get pullbacks uh when the rest of the market is selling. As place people find place of safety in these mega caps.

So, with that all being said, you can see Microsoft yesterday closed back within the top 50% of this inclining parallel channel. Today, we extended that move with conviction, allowing this area to then become support at 503 and 39 cents.

You can see the next destination for Microsoft pretty clearly up here on this inclining trendline right around 531 and 32 cents. Depending upon when price gets there, that could correspond with a gap fill.

If you see further left on my chart, right around 541, which is a recent run-up on top of this parallel channel, it does come in contact.

Say if we do see some rejection, catch support, and come back up, I very well could see us finding resistance right here to gap fill right around September 18th on the chart. If we're lucky enough to have that occur, it should be a fantastic day trade opportunity if price can run straight up into that area.