Google Stock Quote

Google stock took care of the Fibonacci resistance levels I mentioned the other day.

But.

Recent price action - along with the rest of the market - indicates this could very well be a significant top.

First, the stock takes about the previous all time high set earlier in the month by trading up to $205.02.

Then today, the stock starts off by making a slightly higher high at $205.30 then failing.

The first hour’s price bar today was a large range reversal bar to the downside.

Reversal to the downside

Interestingly, today’s low at the end of the day was just twenty cents above the 50% retracement. See the chart to see what I mean.