Overall Market weakness, along with key level of 237 being rejected at the close tells me there is a good 5-10$ short in this stock. Look for it tomorrow. This is not financial advice, just a thought. If SPX and DJI show strength tomorrow, this short is no longer viable.
As you can see, BTC was pumped through yesterday with low volume in a channel. Followed by news of tightened IRS scrutiny upon the crypto currencies came out today, which resulted in a High Volume Dump. Always be aware of the indicators, avoid forming cognitive biases based on feelings, especially feelings subliminally dumped into your mind.
AMZN is looking for solid ground, price depreciation is likely. Momentum as of right now is negative and the MACD-LT is bearish, accumulation indicators need to turn positive to indicate improving demand for the stock. Looking for a price action at the open, and waiting for negative momentum confirmation.
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