Expected Key Points Amazon 12 May 2022

NASDAQ:AMZN   Amazon.com, Inc
Amazon 12 May 2022

The current implied volatility is at 56.8%/year
So that converted into daily is 3.58%

The close of yesterday was 2107

So based on that our channel for today is going to be compressed within
TOP 2182
BOT 2032
with a probability chance of 80.5% based on the last 3007 candles

From fundamental point, today we have
PPI and initial jobless claims releases and these mark a huge volatility moment
At the same time the current values are expected to be bearish .