GOOGL in the Crossfire! Rejection from Supply + Gamma Tug-of-War Ahead of FOMC 🧠
🧬 GEX Options Sentiment Overview:
* Gamma Levels and Flow:
* Major CALL Wall: $180 (Gamma Wall + NET GEX High)
* 2nd CALL Wall: $175 — currently acting as resistance.
* PUT Support Zone: $172.5 (strong PUT defense), below this is a void down to $170 and $165 walls.
* Gamma Pockets: $177.5 and $182.5 are mid-to-high call gamma clusters.
* Current GEX Stats:
* IVR: 16.7 (elevated)
* IVx avg: 32.2
* Calls Flow: 19.6% bullish → Options positioning tilted positive.
* GEX Sentiment: 🟢🟢 (modestly bullish)
* Interpretation:
* GOOGL is coiling near a gamma inflection point between $172.5 and $177.5. Below $172.5 opens the door to gamma-accelerated selling.
* $180 remains unreachable without broad market strength, and rejection from current zone is likely unless buyers reclaim momentum quickly.
🧠 15-Minute SMC Price Structure:
* Current Price: $175.42
* Market Structure:
* Rejected off supply zone just under $177.50.
* CHoCH occurred below the previous demand zone, showing weakness.
* Price is resting between $174.50 (mid-support) and $176.94 (resistance).
* Volume surged during rejection — suggests real selling activity.
* Trendlines & Zones:
* Demand box rests near $171.50–172.50, aligning with the GEX PUT support zone.
* Multiple BOS/CHoCH transitions signal market indecision — chop expected unless breakout confirmed.
📊 Intraday Trade Scenarios:
🟩 Bullish Setup:
* Trigger: Reclaim of $176.94 with strong volume.
* Target 1: $177.80 (intraday high)
* Target 2: $180 (Gamma Wall)
* Stop-loss: Below $174.50
Breakout above supply will force dealers to unwind hedges, possibly leading to a sharp move toward $180.
🟥 Bearish Setup:
* Trigger: Breakdown below $174.50
* Target 1: $172.50 (PUT support + demand box)
* Target 2: $170 (GEX support)
* Stop-loss: Above $176.50
Failure to hold $174.50 likely accelerates momentum into $172 zone. Watch volume for confirmation.
📌 Key Takeaways & Thoughts:
* GOOGL is caught in a range between $172.50 and $177.50. This is a gamma compression zone.
* Options flow leans bullish, but price structure favors caution.
* Intraday traders should avoid trading the middle — wait for breakout or breakdown.
* If SPY/QQQ bounce, GOOGL may reclaim $177+. Otherwise, watch for weakness below $174.
🛑 Conclusion:
GOOGL is at a pivotal inflection point. SMC shows a failed breakout from supply, while GEX reflects strong resistance above. It’s best to stay reactive, not predictive — trade with volume confirmation at key levels.
Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk.
🧬 GEX Options Sentiment Overview:
* Gamma Levels and Flow:
* Major CALL Wall: $180 (Gamma Wall + NET GEX High)
* 2nd CALL Wall: $175 — currently acting as resistance.
* PUT Support Zone: $172.5 (strong PUT defense), below this is a void down to $170 and $165 walls.
* Gamma Pockets: $177.5 and $182.5 are mid-to-high call gamma clusters.
* Current GEX Stats:
* IVR: 16.7 (elevated)
* IVx avg: 32.2
* Calls Flow: 19.6% bullish → Options positioning tilted positive.
* GEX Sentiment: 🟢🟢 (modestly bullish)
* Interpretation:
* GOOGL is coiling near a gamma inflection point between $172.5 and $177.5. Below $172.5 opens the door to gamma-accelerated selling.
* $180 remains unreachable without broad market strength, and rejection from current zone is likely unless buyers reclaim momentum quickly.
🧠 15-Minute SMC Price Structure:
* Current Price: $175.42
* Market Structure:
* Rejected off supply zone just under $177.50.
* CHoCH occurred below the previous demand zone, showing weakness.
* Price is resting between $174.50 (mid-support) and $176.94 (resistance).
* Volume surged during rejection — suggests real selling activity.
* Trendlines & Zones:
* Demand box rests near $171.50–172.50, aligning with the GEX PUT support zone.
* Multiple BOS/CHoCH transitions signal market indecision — chop expected unless breakout confirmed.
📊 Intraday Trade Scenarios:
🟩 Bullish Setup:
* Trigger: Reclaim of $176.94 with strong volume.
* Target 1: $177.80 (intraday high)
* Target 2: $180 (Gamma Wall)
* Stop-loss: Below $174.50
Breakout above supply will force dealers to unwind hedges, possibly leading to a sharp move toward $180.
🟥 Bearish Setup:
* Trigger: Breakdown below $174.50
* Target 1: $172.50 (PUT support + demand box)
* Target 2: $170 (GEX support)
* Stop-loss: Above $176.50
Failure to hold $174.50 likely accelerates momentum into $172 zone. Watch volume for confirmation.
📌 Key Takeaways & Thoughts:
* GOOGL is caught in a range between $172.50 and $177.50. This is a gamma compression zone.
* Options flow leans bullish, but price structure favors caution.
* Intraday traders should avoid trading the middle — wait for breakout or breakdown.
* If SPY/QQQ bounce, GOOGL may reclaim $177+. Otherwise, watch for weakness below $174.
🛑 Conclusion:
GOOGL is at a pivotal inflection point. SMC shows a failed breakout from supply, while GEX reflects strong resistance above. It’s best to stay reactive, not predictive — trade with volume confirmation at key levels.
Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.