We are looking for the market and the Mega Caps to retest their own respective 200 Day MA's next, which will tell us if there is a rejection or if they can be converted to support
$AMZN is already at its own 200 Day MA now in the PM and on the $TSLA chart I just shared, there is a route back to $274 for $TSLA next to its own one.
$NVDA has more work to do, it will need to get back into the wedge at $118 and then run to $128 to test its own 200 Day MA....this is a +16% jump from here.
CPI shortly may give the boost and relief that the market needs for this retest.
AJ
2025-03-12 12:02:25 +0000 UTC