The move on Friday makes me think bottom is in here. We are in the process of seeing a 5 wave impulse that is going to take us up to 3800 (We are in wave 1 of it). I do believe amazon is still destined for 4k plus soon, possibly by EOY or early next year, but this tends to be slow moving.
Bull signs - huge breakout Friday on the largest volume since the ER selloff. See the pink line on volume for comparison. We had macd divergence& bull cross as well as rsi divergence. This is all I need to know.
Mind you we are approaching a potential wave 1 top here at the 3550 range, from there I expect we will sell off a bit and that is the dip to buy with both hands
Bull signs - huge breakout Friday on the largest volume since the ER selloff. See the pink line on volume for comparison. We had macd divergence& bull cross as well as rsi divergence. This is all I need to know.
Mind you we are approaching a potential wave 1 top here at the 3550 range, from there I expect we will sell off a bit and that is the dip to buy with both hands