The range trade from November 13 has been like watching paint dry until today. You can see the overall decrease in the net volume amplitudes- a sign of little movement in either direction. With todays big move we now sit a little above the mid point of the range but where is amzn heading next? As long as the broader market uptrend remains intact amzn could be heading back toward all time highs. The reference point to watch is Fridays low 3169. If that holds the trade is still on and the highs of the range is our initial target
