I shared this chart towards the end of the week to show the perfect rejection in the Wave B range which we have been following very closely since June.
There is a clear test of resistance twice ay $183, followed by a very clear rejection now
The 50 Day MA is at the 0.236 Fib at $167 so this level needs to hold or I am calling confirmation of Wave C next.
If $GOOG can make its way all the way down to $138, I will be a buyer again.
Losing the 50 Day MA and I may come out completly of my position, certainly trimming.