Friday's GOOG Add-To

Friday the GOOG equity short was brought to a full size position with an add-to this is something I have patiently been waiting for and saw several things on Friday that looked appealing, so far, although we are very early in the day, I like what I see with GOOG and most of the market having an intraday Tower Top-looking formation.

 Although it's too early to make much of the opening indications, I do like the price formation here in the SPY.

 GOOG appears to be a more advanced version of the same.

 The SPY's near term probabilities don't look very good for escaping this price pattern to the upside...

 Just as GOOG's didn't on Friday.

However GOOG offered a very low risk, excellent entry with a built in bull trap if price can lock those bulls in at a loss a bit lower than where we are now.