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HumanIntel
May 23, 2022 9:49 AM

Amazon next level of resistance on the rebound 

Amazon.com, Inc.NASDAQ

Description

Amazon patterns next level of resistance appears to be 2800
Comments
Dmarsano282
That's if you get a bounce! The VRVP indicator on the weekly and monthly charts is signaling the next level of support around the 1780 level. The general indices are in a strong downward trend and the markets are really acting like they believe Mr. Powell. I would be very cautious, just food for thought.
HumanIntel
@Dmarsano282, Your points are well taken. If I knew for certain I would be all in right now. I'm being guided by the Vix which I believe is about to breakdown and the SQQQ which to me seems clearly in a bearish Daily rising wedge. Thank you for your comments and all the best with your trading this week.
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