GOOGL Near Key Wedge Break — Levels to Watch for September 15

* Macro backdrop: U.S. futures are flat after a strong tech week. Traders are waiting on mid-week economic data, keeping intraday moves contained early Monday.
* Sector tone: Mega-cap tech remains resilient; Alphabet continues to draw steady option interest.

Technical Analysis – GOOGL
Trend & Structure (1-Hour Chart)
* Price is consolidating in a rising wedge between $236 and $242.
* Price action shows higher lows but frequent upper-wick rejections, hinting at indecision.

Key Levels
* Resistance: $242.2 (highest positive NETGEX / Gamma Wall), $245–247.5 (next Call/GEX zones).
* Support: $236.2 (trendline + strong put support), $233.5, $227.5 (2nd Put Wall).
Momentum & Indicators
* MACD is neutral, flattening after a brief bullish push.
* Stoch RSI is low, suggesting room to rebound if buyers return.
* Volume remains moderate, confirming a coil.

Options/GEX Insight

* Options market shows Call walls around $242–245, matching chart resistance.
* IVR 16.8 and IVx avg 30.8 indicate stable volatility and potential for a sharp move if wedge breaks.

Trade Scenarios for Sept 15
* Bullish Plan:
* Entry: Break and hold above $242.2.
* Targets: $245 → $247.5.
* Stop: Below $236.2.
* Bearish/defensive (if wedge breaks down):
* Entry: Break below $236.2.
* Targets: $233.5 → $227.5.
* Stop: Above $242.2.

Summary
Alphabet starts Monday inside a rising wedge. A decisive move above $242.2 can invite a quick run to $245–247.5, while a loss of $236.2 opens a slide toward the low $230s.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.