GOOG's September Range Bound Price Action Nears Resolution

FAANG Focus: GOOG-- pretty much for the entire month of September so far, GOOG has traded in a narrow range between 1188 and 1155. Whichever side of that range eventually is taken out should trigger a $40-$60 move in the direction of the breakout.

In that the narrow Sep. range has developed $100-$120 beneath the 7/26 all-time high compels me to label it a near term bearish digestion period within the grasp of a larger-emerging corrective pattern.

Be that as it may, all eyes remain on the resolution of the range bound market for hints about the next directional move in GOOG... Last is 1164.84-1165.57

9 17 18 GOOG 1 P GIF
9 17 18 GOOG 1 P GIF

  Matched
x
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!