To The Moon

$Alphabet(GOOG)$ $Alphabet(GOOGL)$ Another example of a shooting star, in this case it found rejection at $176, a long term level that as of today is proving its strength, and considering how overbought is becoming the Stochastic oscillator, there are good chances to see a pullback.

A disciplined interpretation of technical indicators markedly enhances prediction probabilities. Nevertheless, even with the high degree of anticipatory accuracy demonstrated in my publications for premium subscribers—such as my February analyses forecasting an S&P 500 correction to $4800, my bullish analyses since April 9th, and the accurate peak calls for Tesla and Bitcoin in December, as well as for IWM during Thanksgiving weekend—I incorporate support and resistance levels for validation, thereby equipping premium subscribers with additional tools for superior decision-making.

That said, the bearish setup for GOOG is validated as long as the price stays below $177 next week, which is the central level updated, suggesting a descent towards $172. If Alphabet can re-establish itself above the $177.3 central weekly level, the price could target $181 before reversing.

It’s worth noting that similar shooting star candles were printed in November 2024 and January 2025, both presented bullish follow through for one and three weeks respectively, before notable pullbacks. (each security has its own “personality”, don’t take the 1-3 weeks as a rule for the $S&P 500(.SPX)$ $Tesla Motors(TSLA)$

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