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
And today's sell-off (March 25th) is what I get for being cautious
UPDATE 4/1/15 - GOOG beneath $541, and a I feel like a idiot for waiting on another trendline touch.
- By: moneymiser21
- On: 3/23/15 5:37AM
- Viewed by 18 SocialTraders
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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