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What Next for GOOG?


From an intermediate-term perspective, Google Inc. (GOOG) hit a 5-1/2 year high at 614.44 in Feb 2014.

The question is whether or not the correction into the Apr 2014 low at 502.80 (-18%) represents a completed corrective phase, which, if yes, means that Google Inc. (GOOG) is in a new upleg within its multi-year bull market.

As of this moment, the answer appears to be yes, and will remain "yes" unless GOOG fails to move higher towards a test of its all-time high at 614.44, and instead reverses and declines beneath key, near-term support at 569-565, initiating the first warning signal that the April-July 2014 advance is, in fact, an "intervening" rally within a larger-developing correction off of the Feb 2014 high.

Should such a scenario unfold, then GOOG will be vulnerable to a press into critical support at 510-500.

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