GOOGL Market Preview for Monday, September 8

Price Action & Market Structure
* GOOGL is trading around 235–236, up +1.1% overnight, holding strength despite some broader market weakness.
* Price is following an ascending trendline from last week’s lows, with a clean breakout above 234.5 resistance.
* Current price action is consolidating just above the breakout, signaling potential continuation if bulls hold control.

Key Levels
* Resistance Zones (Upside):
* 237.5–238.5 → Immediate test zone, near Friday’s rejection.
* 242.5 → Strong Call Wall + Gamma resistance.
* 247–250 → Higher GEX clusters, potential squeeze zone.
* Support Zones (Downside):
* 234.5 → Breakout retest level.
* 232.5–233.0 → Minor support zone.
* 227.5 → HVL anchor, strong downside support.
* 222.5 → Deeper Put Wall support.

Options Sentiment (GEX & IV)
* GEX: Mixed bias but heavier Call concentration, showing bullish sentiment above 237.5.
* IVR: 14.1, slightly elevated vs recent average → options market pricing in moderate move potential.
* Gamma Walls:
* 242.5 = Major resistance.
* 227.5 = Strong support.

Indicators
* MACD (15m): Still bullish, histogram fading but momentum not fully broken.
* Stoch RSI: Cooling from overbought, suggesting possible pullback before continuation.

Scenarios for Today
Bullish Case (favored if 234.5 holds):
* Hold above 234.5 breakout support, push through 237.5–238.5.
* Targets: 242.5 Gamma Wall → if strong momentum, extension toward 247–250.
Bearish Case (if 234.5 fails):
* Breakdown below 234.5 could bring a flush to 232.5 → 227.5 HVL.
* Weakness under 227.5 opens deeper pullback toward 222.5 Put Wall.

Trading Thoughts
* Scalp Longs: Favor entries above 234.5, targeting 238.5 → 242.5.
* Shorts: Fade rejections at 238.5 or 242.5 with stops just above.
* Stops:
* Longs → below 234.0.
* Shorts → above 243.0.

Summary
GOOGL is in a bullish continuation setup as long as 234.5 holds. A breakout through 237.5–238.5 could ignite momentum toward 242.5–250 Gamma resistance. Failure to hold 234.5 flips bias to bearish with risk toward 232.5–227.5. Options sentiment leans bullish but watch for rejection at Gamma walls.

⚠️ This analysis is for educational purposes only, not financial advice. Always manage risk.