Technical analysis by BullBearInsights about Symbol GOOGLX on 8/1/2025

GOOGL Slips into Bearish Gamma Territory — Eyes on $190 Defense or Slide to $187.50 🔍 GEX & Options Flow Insight (1st Image Analysis) GOOGL has broken down from its recent consolidation and is now testing the $190–$192 gamma support band. The GEX profile shows heavy negative gamma just below current price, increasing the risk of accelerated selling if $190 fails. * Call Walls & Resistance: * 📍 $194.91–$196.53 → First resistance zone * 📍 $197.85 → Highest positive NET GEX / Gamma Wall * 📍 $202.50+ → Out of immediate range unless a strong reversal occurs * Put Walls & Support Zones: * 🛡️ $190.50 → Current gamma pivot * 🚨 $187.50 → 2nd Put Wall / Hard gamma floor * 📉 Below $187.50 opens the door to $185–$182 * Volatility Insight: * IVR 18.9, IVx Avg 32.5 → Slightly elevated IV * Call flow 11.2% → Bearish leaning * GEX sentiment: 🔴🔴🔴 = Negative gamma environment → more volatility to downside ✅ Option Trading Suggestion: Bias: Bearish unless reclaiming $194+
Strategy: Bear put spread * Entry Idea: Buy 190P / Sell 185P for Aug 2 or Aug 9 expiry * Invalidation: Close above $194.91 * Target: $187.50 → $185 Why this works: Dealers in negative gamma hedge by selling into weakness, which can accelerate moves lower. Losing $190 likely brings $187.50 quickly into play. 🧠 Technical Analysis (1H Chart) (2nd Image Analysis) Market Structure & SMC: * 🟥 CHoCH confirmed after rejection from $197.85 supply * ❌ Price broke BOS support from $194.91 area * Trading in a descending structure toward $190 support Trendline Dynamics: * Broke short-term uptrend * Now respecting a lower parallel channel toward $187.50 SMC Zones: * 🟩 Demand Zone: $190.50–$187.50 → First defense zone * 🟥 Supply Zone (Purple Box): $194.91–$197.85 → Immediate resistance 🔄 Price Action & Key Levels * Support: * ✅ $190.50 → Current hold line * ✅ $187.50 → Gamma floor * 🚨 Below $187.50 → $185 → $182 * Resistance: * 🚩 $194.91 → First reclaim level for relief rally * 🚩 $196.53–$197.85 → Supply + Gamma Wall 🧭 Scalping / Intraday Trade Setup 🟥 Bearish Setup (Preferred): * Entry: Failed bounce at $194–$195 * Target 1: $190.50 * Target 2: $187.50 * Stop: Above $196 🟩 Bullish Reversal Setup: * Entry: Strong reclaim of $196.50 with volume * Target 1: $197.85 * Target 2: $200+ * Stop: Back under $194 🔁 Summary Thoughts * GOOGL has shifted from neutral to negative gamma, favoring continued downside pressure. * $190.50 is the short-term line in the sand — losing it risks a swift trip to $187.50. * Any bounce into $194–$196 is likely to face selling pressure unless backed by volume and a gamma flip. 🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.