Here’s What I’m Seeing Across Timeframes 📈🔥
I’ve been tracking AMZN closely, and I want to lay out how I’m thinking through this setup using both the daily and 1-hour charts — plus how options flow might come into play this week. Also worth noting: today’s Trump meeting with investors could give broader market sentiment a lift, especially for big tech like AMZN, so I’m factoring that into how I approach this week.
Daily Chart – Big Picture Structure (1D): On the daily, AMZN is still technically inside a descending channel. Price made a solid bounce recently, but it hasn’t broken out of the upper boundary yet. That resistance zone around $191–$194 has acted like a ceiling. If we can get through that, it could shift the whole structure.
That said, the MACD has crossed bullish, and Stoch RSI is curling back up. So there’s definitely some underlying strength trying to build. I’m thinking this isn’t the moment to go all-in long just yet, but it’s close — a clean breakout above $191 could open up that move toward $197 or even $200.
1-Hour Chart – Where I’m Dialing In (1H): The 1-hour chart has been super helpful to frame my short-term bias. Price held the trendline beautifully after pulling back to the ORL zone around $180. We’ve been seeing higher lows and a grind back into the $187–$191 range.
What I like here is that the bounce was orderly. MACD’s going flat now, so we might just be consolidating before another push. If we can take out that $191 level — which lines up perfectly with gamma resistance on the options side — I’d expect momentum buyers to come in fast.
Options Flow (GEX & Gamma Zones): Looking at the GEX data, the key level I’m watching is $191. That’s where the gamma shift happens — if price gets above that and holds, the dealer positioning could actually help accelerate the upside move. Above that, there’s a cluster of call walls at $195, $197.5, and $200. Those areas could slow things down, but also act as magnets if buyers step in.
To the downside, $180 is where I’m watching for support — both technical and from put walls. If AMZN drops back below $182.5, I’d be cautious and expect a fade toward $175 or lower.
How I’m Thinking Through the Week: This setup is all about timing. If AMZN can ride the market mood — especially with Trump’s investor meeting today possibly boosting confidence — I could see it clearing $191 and pushing toward that $195+ range. In that case, I’d look at calls or debit spreads, probably with a 1–2 week window.
But if we stall again under $190 and lose $185, I’d flip bearish short-term and consider a quick fade to $180–$178 using puts or tight vertical spreads.
Wrapping Up: I don’t think we’re in breakout territory yet on the daily — but it’s close. The 1H chart looks constructive, and the GEX data supports both a squeeze above $191 and strong support near $180. If Trump’s meeting sparks broader buying, AMZN could catch that tailwind.
Let’s see how we open — I’m staying flexible but ready to act.
Disclaimer: This is not financial advice. Just sharing my thoughts and how I’m approaching the trade using technicals and sentiment. Always manage your risk and have a plan.
I’ve been tracking AMZN closely, and I want to lay out how I’m thinking through this setup using both the daily and 1-hour charts — plus how options flow might come into play this week. Also worth noting: today’s Trump meeting with investors could give broader market sentiment a lift, especially for big tech like AMZN, so I’m factoring that into how I approach this week.
Daily Chart – Big Picture Structure (1D): On the daily, AMZN is still technically inside a descending channel. Price made a solid bounce recently, but it hasn’t broken out of the upper boundary yet. That resistance zone around $191–$194 has acted like a ceiling. If we can get through that, it could shift the whole structure.
That said, the MACD has crossed bullish, and Stoch RSI is curling back up. So there’s definitely some underlying strength trying to build. I’m thinking this isn’t the moment to go all-in long just yet, but it’s close — a clean breakout above $191 could open up that move toward $197 or even $200.
1-Hour Chart – Where I’m Dialing In (1H): The 1-hour chart has been super helpful to frame my short-term bias. Price held the trendline beautifully after pulling back to the ORL zone around $180. We’ve been seeing higher lows and a grind back into the $187–$191 range.
What I like here is that the bounce was orderly. MACD’s going flat now, so we might just be consolidating before another push. If we can take out that $191 level — which lines up perfectly with gamma resistance on the options side — I’d expect momentum buyers to come in fast.
Options Flow (GEX & Gamma Zones): Looking at the GEX data, the key level I’m watching is $191. That’s where the gamma shift happens — if price gets above that and holds, the dealer positioning could actually help accelerate the upside move. Above that, there’s a cluster of call walls at $195, $197.5, and $200. Those areas could slow things down, but also act as magnets if buyers step in.
To the downside, $180 is where I’m watching for support — both technical and from put walls. If AMZN drops back below $182.5, I’d be cautious and expect a fade toward $175 or lower.
How I’m Thinking Through the Week: This setup is all about timing. If AMZN can ride the market mood — especially with Trump’s investor meeting today possibly boosting confidence — I could see it clearing $191 and pushing toward that $195+ range. In that case, I’d look at calls or debit spreads, probably with a 1–2 week window.
But if we stall again under $190 and lose $185, I’d flip bearish short-term and consider a quick fade to $180–$178 using puts or tight vertical spreads.
Wrapping Up: I don’t think we’re in breakout territory yet on the daily — but it’s close. The 1H chart looks constructive, and the GEX data supports both a squeeze above $191 and strong support near $180. If Trump’s meeting sparks broader buying, AMZN could catch that tailwind.
Let’s see how we open — I’m staying flexible but ready to act.
Disclaimer: This is not financial advice. Just sharing my thoughts and how I’m approaching the trade using technicals and sentiment. Always manage your risk and have a plan.
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.
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.