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UnknownUnicorn2538164
Apr 6, 2018 10:32 PM

Amazon end-of-week analysis Short

Amazon.com, Inc.NASDAQ

Description

Well, Amazon sellers waisted no time in stepping in today, along with the broader markets. My impression is that today was about positioning for a retracement higher next week, before a large downside extension, possibly later in the month. Notice how AMZN closed at nearly exactly the 50% retracement from the weekly high and low. If AMZN retraces higher, we may see upward resistance starting at about 1525 sometime next week. Cheers!
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