AMZN has been a presenting a bearish look over the past 5 days. It has tested the 1740 support level 3 out of the last 4 days. It has been bearish even when the market was showing some bullishness. If it breaks the 1740 support level, look for AMZN to drop down to the 1723 level, and if that fails to hold, look for AMZN to fall all the way down to 1700.
Recent Related Articles
Amid a Bullish Yet Choppy Market, Here’s What Investors Should Do Now
How Our Traders Learned to Stop Worrying and Love the Volatility
As the Rally Pushes Its Luck, the Smart Money Seeks “Defensive Growth”
Friday Outlook: Next Week’s Setup—and a Tax Trick for Portfolio Laggards
How to Beat the Casino Economy (Without Losing Your Shirt)
Friday Outlook: The Fed, Not the Trade Truce, Calls the Shots
The Bull Turns Three and Refuses to Act Its Age
Friday Outlook: The Economy Makes No Sense — But Smart Investors Can Still Win
Exploring the Future of Options Trading with AI