Yesterday's earning announcement from Google and market reaction today is another classic example of how cycles move markets, investor sentiments, and how their apriori knowledge guide in high probability future outcome prediction in financial markets. The below daily cycle chart for stock symbol GOOG was sent to our US Stocks subscriber list towards the end of last week alerting a potential downside in GOOG upon earning announcement since the stock is very close to its daily cycle peak. Today, GOOG dropped by as much as -$112 trading as low as $1175 (~8.74%). The fact is important but more important is its interpretation and that varies depending upon whether the asset is at cycle low or cycle high.
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| US Stocks - GOOG Daily Cycles - 04/26/2019 |
