Schwab Network on $GOOGL (Oct 30, 2026)

I mean, that movement in Google's ( Alphabet) stock yesterday was the worst day in its history. I was reading some notes about it, where it was said that it led to what is called the "crossroads of death".

I like this type of terminology that you technicians use in your professional language. Explain to me exactly what that is, and what it tells you about the technical damage we saw in that stock this week, and what we are seeing in some other stocks that have reacted negatively to the reports they released.

But considering what a "death cross" is, it basically means when the short-term moving average crosses downwards below the long-term moving average . So, if we look at the chart , we can really see that after the earnings announcement on Wednesday, the price gapped down below the nearby support level at the previous July lows or near 317.

This whole gap that we have, which will act as new resistance, is actually between 288 and 317 now. Often when we see these death intersections occur, which we saw when that gap happened, we witness that intersection.

Often, death crosses can be too late, simply because a 50-day moving average is equivalent to about 3 months, and a 200-day moving average is equivalent to about 9 months. Therefore, often the bottom-forming process actually begins in a particular stock.

We have seen that after some reaction to earnings, the price has found a logical level of long-term support near its yearly lows, a level that was tested during the March correction.

We can actually see some similarities to that now, as we have seen the Relative Strength Index (RSI) and another momentum indicator really reach oversold levels, which is what is happening now.

Regarding today's price action, we can see that the price appears to be forming a "Doji" pattern, which is a pause or state of hesitation , and a type of price action that suggests a possible reversal.

So, given the weakness and some of the long-term levels that have been reached, I really wouldn't be surprised, Sam. I wouldn't be surprised if traders started buying at some of these near-weak levels for a potential bounce-off towards the average, but I think, just as we saw in the last two charts , traders are probably waiting for a little more information to see how quickly these gaps will be filled if they happen, as this will provide more information about the direction.

And if it's not filled, we may need to broaden our view here for Google and some of these other levels and look for long-term support levels , which may exist for Google at around level 205 , Dan.