GOOGL: Textbook Head & Shoulders Breakdown – 200 SMA MagnetAlphabet Inc. Class ABATS:GOOGLBluntForceOptionsGOOGL is printing a textbook Head and Shoulders setup on the daily. Price action has been exceptionally heavy lately, and with the broader macro tape offering zero support, the stock is actively rolling over. Notice the definitive break below the $296 neckline. In my view, the path of least resistance is lower here. My primary short-term target is a reversion to the 200 SMA at $261.74. It's a highly realistic magnet for price given the current breakdown momentum. I'll be watching how it reacts at the 200-day if we get the test. Stay tuned.