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Amazon.com
Long
Updated

Amazon's Potential Second Supernova

558
While I would simply prefer a crash from here and a reasonable societal fallout, it seems there's a chance for certain members of the Nasdaq to go "parabolic," as they say.

Sure, why not.

Guess you gotta go up before ya go down?

- South American Pig


AMZN
NDX
SPX
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SHORTING this. Join me or not, i wouldnt long this today or this week.
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This put play is shaping up to be glorious.

If you are wondering whether this is the top or the bottom of a new bull trend, i think Amzn's last 20 minutes should alleviate the confusion.

The last several months worth of horizontal actiion forms an ending horizontal triangle; not a "Wave 2."
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Call me crazy, but I just bought probably too many 3180 puts expiring tomorrow.

Just a heads up, in case you are also crazy-ish.

Dont even think about it if itll cost you more than 10% of the portfolio.
UnknownUnicorn5511258
amazonexplosionChart PatternsitsallcomingdownanywaylongiguessPivot PointsTrend Lines

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amazonexplosionChart PatternsitsallcomingdownanywaylongiguessPivot PointsTrend Lines
UnknownUnicorn5511258

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.