BATS:GOOG   Alphabet Inc (Google) Class C
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$GOOG hovering at the lower end of this developing range, 865 give or take is the line in the sand bulls want to hold onto. This name continues to see profit taking from its massive run up this year and the bears remain in control (on this timeframe) until proven otherwise. With some market strength we could see a push higher to retest the top of this range but all in all i do not have a lot of conviction in this name one way or the other. My sense is there wil ultimately be more downside to be had.

Evan Medeiros
Founder, Trade Risk
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