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…..
$SPY resumes yellowband up-trend with $QQQ; $BA soars; All GMI components positive
This weekly chart shows that the yellowband up-tend has resumed for the $SPY with it closing a few weeks back above its 10 week average.
QQQ is also in yellowband up-trend.
BA has been in one all year!
The GMI components are all positive.
