The EMA indicator at the 2 hour interval looks very, very accurate for the year. Looks like we made the crossover and will dip to 899 in the coming months. From a technical standpoint, this would be a normal cycle but fundamentally, the news for Google are not looking good in the coming months. The fines they are facing could change their business model for the worse and if net neutrality is reversed by FCC Director, Ajit V. Pai, there is no telling how Google will adapt. Good luck to anyone who positions themselves long with Google.
Comment:
While being correct, I did not see the bigger picture. NASDAQ as a whole might be on the verge of another crash.