$AMZN TOP 20 - IMPORTANT NOTE -
Added 2024-02-25 18:26:53 +0000 UTCI will be adding as many ABC corrections to our Top 20 Charts today as I can, so we can plan for the next 6 - 9 months, on where I expect Wave 5 to complete and the corresponding ABC correction
Each individual stock and the $SPY and $QQQ must be assessed separately.....they don't always follow each other perfectly and this is a common misconception, that all stocks sink when the market corrects, this is not the case.....on the same thinking, all stocks must climb when the market is in a bull market?....that hasn't happened with $BABA $BIDU, $PYPL, $ZM etc,
so what we do know is that not all stocks move in the same direction all of the time.....this is the most important note you need to take from today.
What we do know is that when an individual stock and the market is at its Wave 5 limit, we can expect an ABC correction.
So if an individual stock is completing Wave C....then this is completely different, it will either consolidate sideways in another corrective wave, or start its next impulse wave.
$AMZN I believe will test its $188 ATH line on our blue line, whether it completes Wave 5 here or as shown at $211, we need to watch carefully, I have added the ABC correction if it starts from $188.
$AMZN is added to the Dow Jones on Monday, so I expect a good start to the week for $AMZN.
