Watching AMZN, GOOGL for clues

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If this market decline continous we have to ask the question if it will widen to a meaningful correction or not. In my other post I made a case for a long UVXY             play. Question is how do you know when to take profits on any long UVXY             trade? Actually this is simple and doesn't involve watching Price&Volume of UVXY             .
Just focus on the big stocks like FB             , AMZN             , GOOGL             and so on. If they cut through support levels and moving averages without attempting any rallies you know things are getting ugly. If we enter forced selling territory it could mean very quick long UVXY             profits with the risk of violent upside reversal once the forced selling is over. Just check the declines over the last year and you see what I am talking about.

AMZN: Just watch if it finds support around its 50d SMA or the low of the recent range as marked in the graph.
GOOGL             (Not shown here): See if it clearly undercuts the intraday low of the recent gap-up. Next stop would be a gap filling.
MSFT             (Not shown here): Watch if it undecuts it's 50d and closes below it. From there on this level could be resistance.
FB             (Not shown here): This one has seen it's recent breakout fail hard on friday but it is still above it's 50d. If FB             undercuts it's 50d it is actually very meaningful.

Just don't watch UVXY             price action if you have a trade in it!

Trade active: Yesterdays reaction bounce caused all big stocks to find support at the aforementioned areas. Todays futures are down and wen will likely open deep in the red. Watch for successful or failed retest of last fridays lows to get clues about market direction. Yesterdays bounces were on lower volume than fridays declines but that doesn mean anything usually volume on a fresh rally doesn need to come in immediately. UVXY was able to suck in many many short yesterday...
Trade active: AMZN, FB, GOOGL and MSFT are about to roll over here. Watch your support levels!
Your thoughts with today's candle that gaped up? ...Interesting how NQs are going higher but ES & YM are falling somewhat
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