GOOGLE Impulse Spike for Friday, January 31 2025
The Fibonacci levels on Google line up precisely at many junctures.. The FIB level just above the price channel and the closing price for Thursday, January 30, 2025 is near $203.85..
I'm of the opinion that price seeks that level today and then fades toward the gap (and a FIB level) at $182.25 -- A gap fill or gap JUMP to $174.75 is also possible.. This will depend on guidance after earnings.
One should consider the AI market is becoming saturated, and the vast money spent to promote Kamala will reflect in earnings *this* cycle, but not for the next cycle. I personally don't resonate with the myriad upgrades for price targets the expert pundits are making.
These are just my opinions and are not recommendations to buy or sell any stock or options.
I'm of the opinion that price seeks that level today and then fades toward the gap (and a FIB level) at $182.25 -- A gap fill or gap JUMP to $174.75 is also possible.. This will depend on guidance after earnings.
One should consider the AI market is becoming saturated, and the vast money spent to promote Kamala will reflect in earnings *this* cycle, but not for the next cycle. I personally don't resonate with the myriad upgrades for price targets the expert pundits are making.
These are just my opinions and are not recommendations to buy or sell any stock or options.
Trade active
An update to my original idea as of the market close on Friday January 31, 2025
Quite the impressive overshoot on the FIB level of 203.85, and what appeared to be a distribution day. Monthly, weekly, daily candles all up. Yep. Absolutely convincing -- (not)
Trade closed: target reached
Closed trade.. too much lift from TECH bargain seekers drawing this up - META, AVGO, NVDA, etc.. 
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