below 50/cci in bottom range/percent r in bottom range/adx right/relative strength weak/competition from amazon
And take FB with you!
With earnings tomorrow we should see a strong sell. Supported by a divergence as shown.
Need to see this retracement not get into this 580-540 range right now. Break of that 50 ma and we will continue with caution. ER 4/28
Lekker Cup and Handle pattern. A break above 502 , targets 527.
Bearish wedge and lower channel support indicates a possible reversal.
Bullish Sentiment Amazon Pre-Market : 622.01 Up 14.07 (2.31%) 8:34AM EST Yesterday's closing 607.94 Down 24.71(3.91%)
Short squeeze boom is done, entire market is in red except for the 4 king ' FANG ' stock. 'Facebook', 'Amazon', 'Netflix', 'Google'. Low risk entry into shorting the S&P here, down into the lows of August/October. Regardless of what Yellen says on December, it does not matter. The FED do not have control of the market, people are just focusing on the past. No one...
i think like this ! MAYBE WE HAVE CRASH ON TECHNOLOGY'S
All major firms listed in index SP 500 with market capitalization GREATER than 200 billions USD are showed in the chart. Red area represents the tops of all of them. We see, that most of them created top at the same time and now jumped into bear market. These basket of shares do the biggest movement with the entire index. If it moves down, index moves down.
Amazon Inc. ended last week in the green. If the equity cut through the 493.43, it will go back to a bearish market with 447.04 as an objective. The primary objective will be, in this case, 475.25. If the equity breaches 531.65, it may pursue its way to its all times high, around 580.57. Amazon Inc.'s weekly Pivot Point is around 522.63. Its weekly support...