GOOGL digesting the breakout
GOOGL broke out on earnings and is making a base above previous highs. It is one of the stronger FAAMNG components and even with short-term bearish bias on /NQ, other components like AMZN are better shorts in comparison. As long as GOOGL holds above 1700, bulls are in the driving seat
Bears require a big gap down under 1660s (which is a 6% drop from current levels) and hold that level for a few days to reverse the momentum in GOOGL.
For day trades, look to buy the dips above 1700 level.