GOOGLE Chart Analysis

• On Weekly chart google is doing an Ascending Triangle.
• Thing that favors bulls is the Weekly closing which is the highest closing for this year.
• But for bears daily chart is showing negative Divergence. Price is converging between a support and resistance line in daily chart which should give good direction. Presence of negative divergence may give a correction.
• Short trade will be possible once price starts to trade below 20 day sma and the supporting trend line shown in the last chart. As long as price trades above 20 Day SMA bulls does not have the threat of a large correction.
• SPY MOVING UP WITH DECREASING VOLUME