8/1 Wednesday – After Close

Instant Double Top is what i would call this. Few days ago tried to push through that resistance and failed. Today we tried it again but failed.

All indicators/Oscillators are pretty much all over bought.  With market being bearish until end of the month, I believe we are going to come back and test $623 support and bounce back up.

Looking at moving averages, we still have so much bullish momentum so after testing $623 support, we are going to $650-$655 area.

And that’s where i would put my bullish trigger when it comes down to test that $623 support. Probably next week, we are going to set that up.

Will update later.

8/6 Monday Morning : Continue Bullish as we have expected

Some resistances on the way $650-$660. As long as market moves bullish, we can stay with it.

But as soon as market turns, I am going to drop this like its hot!

Moving averages are flaring up and looking very bullish right now.

8/13 Monday – Late Afternoon

Nice volume spike today and gapped up and trading right at my current short-term resistance there.

We could probably get onto $670 area which is the high from January this year.

Moving averages are looking absolutely beautiful for $GOOG.

10EMA (green) has been working as solid support for the last few weeks supporting this bullish move there.

You can see that 50EMA and 100/200SMA is crossing supporting this bullish move.

$670 is very DOABLE at this time!

8/14 Tuesday Early Morning – Target Reached

Target reached, great run for us!  $670 is a major pivot and we would sit on sideline and see what’s going to happen next few days.

8/19 Sunday – Weekly Triangle RESISTANCE!