GOOG

I'm seeing quite a few openings like this, AAPL had one, PCLN, and some other stocks, although the Tech Industry group did not.

 We are lucky to get a daily signal in GOOG, the longer the chart, the more important the implications, the less the noise and the more reliable the outcome, out of 7 significant reversals in GOOG since the 2007 top, all but 1 have been represented on this 3C chart, the only one that was not was the smallest reversal or shortest and may just not have been long enough to make it to this chart. The current signal is the worst GOOG has seen since before 2007. I highly doubt this will fail as even signals given during the QE periods were valid.

 On a 15 min chart we have that typical, tell-tale neck sticking out, often revealed as a head fake move and a very negative response in 3C to that price action.

 The 2 min. chart is much more detailed, but we need not follow every small divergence, it's the trend here that is important and mirrors what is seen above as soon as GOOD breaks out from resistance, this has been the way we have identified many head fake moves, allowing us to get the best entry with the lowest risk.

 A close up of the same chart shows this morning's failed move to break out.

Thus far the 1 min chart is the only thing showing intraday positive action at the lows which have so far retraced in to the morning range.