Jun. 6 at 8:34 PM
$CRM is sitting at a critical macro junction that could dictate the structural direction for the entire SaaS sector.
The tape shows Salesforce staging a violent breakout above long-term descending resistance, rushing straight to the
$211 ceiling before getting aggressively rejected into a falling wedge pattern. Drifting back down to
$183.86, it’s now retesting that broken macro trendline from above. If buyers can defend this level and force a breakout from the wedge, it opens the door for a clean continuation higher. Fail to hold, and it traps the breakout buyers, dragging the rest of cloud software back into the mud.
