Going After Google; Chess Moves

I went short GOOGL at $557.15 with a cover-stop over $585. Playing for the right shoulder of a weekly topping pattern.

This short position amounts to roughly 4% of my trading portfolio capital. 

The theory behind the trade is that Google has just staged a snapback rally after being a notable laggard for quite some time. 

This rally has excited many-a-bull. But, in my view, it could easily amount to a "right shoulder" of a major weekly topping pattern spanning the last few quarters--Recall that "right shoulder" rallies are often the most alluring and seemingly benign of them all to bulls, only to trap them unforgivingly. 

Much like my FB short, this one is clearly contrarian to majority sentiment and is an aggressive move.