Another big move on AMZN still to come. If we can break this very strong support I like this monthly support on the 50 EMA. It wouldn't surprise me if we hold this support for a few days before it breaks. But with this market anything can happen. Fantastic bill paying trade for new traders out there.
Comment:
This bounced again at this level yesterday, but this same trade is still in play if it breaks.
Trade closed manually:
Getting out today. Too much of a bear run here over the last month, so I feel like this is going to trade sideways for a while. I'd rather take profits and put my money to work now. It was a nice 200 point put trade.