AMZN could be entering a Stage IV decline. Its yellowband pattern is currently over and it has only advanced 3 of the past 10 weeks. A major decline in AMZN might be a bad omen for the general market…..
Stock Market Technical Indicators & Analysis
1 thought on “Beware weakness in $AMZN; 3rd day of $QQQ short term up-trend”
Stage 4 decline? There is a H&S pattern on the daily, but the dominant time frames (weekly and yearly) remain in strong uptrends.