The equities market seems to be shaking off the October correction as we get deeper into November. Microsoft $MSFT for example fell from an almost $116 high in October to $100 by the end of the month. Since then, we have seen a strong pullback and a possible bullish continuation signal during the Wednesday (11/7) session.MSFT Daily Chart(click to enlarge)Bullish Breakout:- On the daily chart, we can see that during the consolidation, MSFT tested but respected the 200-day simple moving average (SMA) as support.- The fact that price rebounded so sharply from the 200-day SMA suggests that the prevailing bullish trend is intact, even though the RSI reflects a loss of bullish momentum.- Then, during the Tuesday 11/7 session, price broke above the recent falling resistance and climbed back above the 100-day and 50-day SMAs. - This bullish breakout opens up the $116 area again with potentially higher upside. - If price pulls back, a bullish market should keep MSFT above $108. If this happens, we should become more confident of the prospect that price will climb above $116.