This is now causing some concern
$AMZN has retested its 200 Day MA today but has not lost it
$GOOG has certainly lost its 200 Day MA and retesting its important blue line at $155 and right now has lost it but there is still another 5 hours in this session to go.
We need to see a retest and rejection of the 200 Day MA for me to consider selling
Wave C is at $138, so it would be another 10% drop from here, probably something I am also comfortable with to be fair, it is $GOOG after all.
But I will weigh up what I will do when I see a retest of the 200 Day MA first.
DC
2024-09-06 16:50:09 +0000 UTC