Today’s Trade Setup For GOOGL

October 2, 2014 0 Comments

Looking for GOOGL to bounce off the Ichimoku cloud. Yesterday GOOGL tested the cloud and closed just above SpanB and is sitting on the monthly S1 Fib Pivot. Google needs to stay above S1 pivot of $579.63 and last support of span b $578.15.

GOOGL_CHARTS

How I will be playing this is watching the first 5 min candle and seeing if GOOGL can break the 5 min opening range. If GOOGL breaks the 5 min opening range I will be looking to buy the $580 or the $582.5 OCT weekly calls but if I see the futures selling off and GOOGL broke the 5 min opening range to the down side I will be buying the $577.5 or the $580 OCT weekly puts. Not sure how to trade the 5 min opening range? Join our email list and contact us and we can go over these style of trades.

As always trade at your own risk and trade save,

LT

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