- death cross - bearish divergences - bearish SPX (coming recession)
Amazon is still working on its correction - well, we might have to drag the stock to the green target zone between $95.21 and $85.51 since it is currently moving sideways. Once the green wave is fulfilled within the target zone, the trend can turn back North and rise above the resistance line at $117.50. Our alternative scenario with a probability of 40%...
- weekly death cross - huge bearish divergence - pullback completed
And too easy to trade. Expect the unexpected.
Previous idea: Please refer to the update of the 10th of October from this previous TA : bubble parabola broken Take care