AMZN bear flag. Must touch white TL before turning bullish. ~120

6 paź 2023

This is a classic bear flag and trendline rejection on the daily.

There is no floor for AMZN buyers to keep the price up here.

Next floor and support is the white TL.

We also saw AMZN breakout under a long term trend here. 120 is just a mini target. They'll tell you markets are turning bullish but give it 1-2 weeks until they start pumping out, "Gov Shutdown Looming" headlines again. Manipulation is common and allows the markets to be liquid. Stop falling for it.



In my opinion, today was a bull trap.

Look at the SPX SPY US100 chart:


I said yesterday in a minds post that we'll pump to 430 then re-evaluate. I did not expect 430 to hit the next day. This is crucial and is usually a sign of weakness. Could be wrong.

Welcome to follow & trade with us - many callouts this month including NVDA @ 415 TSLA @ 234 AMD @ 95

9 paź 2023

Zlecenie aktywne

Sold some puts +22%