Yeah. The market in the last few of weeks had been mired by mega caps, specifically their negative news. Few weeks ago, it was FB with Cambridge Analyptica. And then AMZN with Trump’s negative tweet-storm. And then AAPL with the TSM’s negative guidance few days ago. Even though the general company’s earning reports are good as indicated by rising A-D Lines. Looks like GOOGL might be the last of this hiccups from the mega caps.
Since we have these negative news from nearly all these mega caps out of the way, and the market still holding up, this suggest the market resilience, and bodes well for the market ahead.

I assume that you blinked then because GOOG shot up nearly 5% immediately after reporting & then plunged back down right about where it closed just as fast. I get what you’re saying though. If you missed (or dismiss) that big rip which was immediately followed by an equal dip, the earnings beat was a non-event. While one could view this any way they want (bullish, bearish or neutral/a non-event), I view it as helping the bullish case since we now have earnings for one of the biggest components of the NDX & SPX out of the way without any big surprises & with the stock settling back down to about where it closed in the AH session, it is probably safe to assume the risk of the market gapping down tomorrow, at least due to GOOG’s earnings and/or guidance, has now been eliminated. That leaves the bullish technical setup intact so all we have to worry about now is overnight headline risk or any of the economic reports due out tomorrow (none of which I am concerned with, FWIW). Nothing is 100% but I think the odds for a rally tomorrow have increased following GOOG or at least stayed the same.

1-min chart of GOOGL showing the AH trades in light-colored area:

Randy, I don’t see much reaction in AH for GOOG. What implication does this non-action in AH so far have on NDX tomorrow?

With that being said, GOOGL (Alphabet Inc), one of the largest components of the NDX, reports after the market close today so any NDX related position taken home tonight is likely to gap one way or the other at the opening bell tomorrow. On the 60-minute chart, GOOGL has minor support at 1063.50 with uptrend line support just below that & then moderate-to-strong support not far below that at 1046.75.

As always, don’t read too much into the post-earnings sharp price swing in GOOG/GOOGL as the initial knee-jerk reaction if often faded. We’ll have a better idea of where GOOG is headed after any initial rip or dip from any order imbalances at the open tomorrow has abated