AMZN
Continues to trade within the topping trading range. Fierce resistance at $3,570 with two blow off tops due to a very strong, resilient, bull market, with retail buying every single dip.
Recent EPS fell below double digits for the first time. Upcoming earnings will show a trend and how affected they were due to supply chain disruptions.
Market Conditions:
- Fed taper
- Interest rate hikes
- Inflation
- Supply chain mess
- Slowing GDP growth
- Slowing EPS
Continues to trade within the topping trading range. Fierce resistance at $3,570 with two blow off tops due to a very strong, resilient, bull market, with retail buying every single dip.
Recent EPS fell below double digits for the first time. Upcoming earnings will show a trend and how affected they were due to supply chain disruptions.
Market Conditions:
- Fed taper
- Interest rate hikes
- Inflation
- Supply chain mess
- Slowing GDP growth
- Slowing EPS
