Here's Where I'm Shorting Alphabet

 | Mar 12, 2018 03:52PM ET

Shares of Alphabet (NASDAQ:GOOGL) have soared in the last seven trading days. After trading below $1,050 on March 2, Alphabet finds itself nearing $1,180 – a huge technical resistance level. It is a gap-fill from earnings and sure to be major resistance. This level is also very close to a major resistance double top/all-time high. Investors, including myself are looking to short Alphabet at gap fill $1,180.