$AMZN TOP 20 UPDATE
Added 2023-05-09 14:27:48 +0000 UTCThe 200 Day MA is still in control here on the daily chart, the closer we get to the red trend line, the more the pressure will build up, very simple here now, if the price action can break above the 200 Day MA and the red trend line, there is potentially a lot of upside as we enter Wave 3.
Comments
I think the large/mega tech stocks are in a different place, $AMZN could be starting its Wave 3 as $MSFT and $AAPL start their Wave 4 decline.
Gareth Neary
2023-05-09 14:30:22 +0000 UTCAmazon entering wave 3 would mean spy would be heading to 430?
TSS
2023-05-09 14:28:59 +0000 UTC
