Microsoft remains in an uptrend, so a pullback from its $490-510 resistance zone near all-time highs would be a normal correction, not a reversal. Near-month calls are seeing heavy buying with volume above open interest, showing institutions are still bullish. Near term, volume is shrinking and hourly and four-hour RSI show bearish divergence, so chasing is not advised; holding the four-hour 21 EMA would mark a dip worth buying, while a break with weakening options flow would be a warning. x.com
