GOOG heads up at $160: record high, possible top/pullback spot

Google finally made new highs.
Just hit a major resistance cluster.
Watching closely here, could turn.

$ 157.95 - 160.24 is immediate resistance.
$ 149.93 - 150.66 is first good support below.
$ 202.23 - 203.89 is next major target above.

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Commento:

Dip EXACTLY where expected

Google price has NEVER been here before,
yet the Golden Ratio WARNED us of $159.41,
and the proof is in the EXACT reaction there.

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Zoom in (m15)

We have several clean Pings to confirm all our fibs,
but the thick one (Genesis) at $159.41 was pierced,
so the odds are we continue the uptrend from here.

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Looking above:

Next two targets are quite clear:$166.39 then $168.17

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Of course there is no way to know for sure,
but we DO know we can count on our fibs,
and with the clues at hand we look higher.

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Commento:

BOOM

Nice break and retest of our "Next Targets", which should now be good support.

Looking above:

We have a minor hurdle of a solo fib at 176.92
then a "Semi-Major" resistance $ 178.97-180.09

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SUMMARY:
- Bulls look to be strong and willing.
- Next resistance will be into $180.00

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