GOOG BROKEN SUPPORT ACTING AS RESISTANCE

Last week I also posted that I was looking for a move down to point 1 (760.53). We hit the first target, and then opened significantly below it the next day. We have now rallied back to 762.02 which, if we go by the rule that previous support then becomes resistance, should see a move down.

If you have a bearish sentiment on GOOG you could try shorting down to point 2 (730.10). For those who are still short from when I posted the chart can move your stops down to break even.

Good luck!