$GOOG is hurting today because the DOJ have said that a decision might have to be made on $GOOG after an important anti-trust ruling....in simple terms, they have a monopoly on phones search capabilities and it is suggested that they may have to split company
I personally find this very far fetched and do not believe this will happen
But the market is showing some concerns
Which we know is a potential opportunity
If $160 does not hold, then I will watch for support on the 200 Day MA at $155.....I do not believe Wave B is in here, so a relief bounce will have to come
A hold on $155 could start Wave B and I would be interested here