GOOGL near-term bounce likely at $332-$333 support trend line (third touch) targeting $340.64; failure to extend away signals bearish breakdown.

All right, next up, we've got Google, one of the bigger companies in the stock market with a down day of 3.8%. You can see price action coming through and settling today's close right on this gap fill.

What we've got going on with Google are two things. largely we've been trading within the parallel channel. Breached the top ever so slightly, but now we find ourselves getting rejected by the 50% area of this parallel and coming right back down.

Good thing for Google, we've got a near-term inclining trend line as support. That's right here at 332 or actually about $333 on the chart. You can see that corresponds just above this gap fill at 332 and60.

So, should Google continue falling tomorrow, I anticipate there to be some decent support here, one capable of keeping Google within this wedge pattern, uh, falling down on the charts.

And so, Google, as we know, the longer though it hangs out here, this could be more bearish consolidation on the bottom of this trend line. Hey, one last piece of information for you on this education front.

This trend line has hit once and twice. That means this third hit has a very high probability of producing at least a near-term bounce capable of at least getting to this low range pivot at $34064.

What you don't want to see is what I touched on before giving you that last piece of education. You want to see the bounce if we come down into this level extend away from that trend line.

The more that we hang around it or say we get a near-term bounce and then come right back down, that would be signs that we could be breaking. So, keep that in mind if you do decide to take this near-term scout play on Google.