$AMZN TOP 20
Added 2024-10-08 11:56:48 +0000 UTC$AMZN I am watching very closely right now as $MSFT has lost its 200 Day MA
There is a strong confluence level here at the 0.618 Fib and 50 Day MA at $179, I would like this level to hold, there is green in the PM but there has been a warning shot fired by $MSFT this week.
If $AMZN loses this level or the 200 Day MA just slightly lower at $177 then we need to accept that the Wave C possibility is a high now next.
Again, I am keeping this $AMZN to give the price action a chance to hold support
I will watch this closely
Strong Earnings season, $NVDA AI Day and a successfull $TSLA 10.10 day would be more than enough to save $AMZN and the other Mega Caps tho
