Slope of Hope: GOOG_March232015.jpg

Popular - Today: GOOG_March232015.jpg

GOOG_March232015.jpg

Google's weekly & daily charts appear ready to rollover.

Note the touch of the downtrend line, following pop post-earnings.

Another test and rejection of that trendline should set-up an interesting risk/reward opportunity between $570-575

See Full Size

Comments

moneymiser21

Update March 24th: Goog pulled into the resistance area, but never reached the downtrend line, nor $575.

I was going to wait until close before seeing if enough IVR was there to sell May call spreads 1 SD away, but that whoosh lower into EU close killed the chance. 3/24/15

moneymiser21

And today's sell-off (March 25th) is what I get for being cautious 3/25/15

moneymiser21

UPDATE 4/1/15 - GOOG beneath $541, and a I feel like a idiot for waiting on another trendline touch. 4/1/15

...