We are out of room on the apocalypse band on the WEEKLY Chart.
A Bearish Breaker has just tripped this week for AMZN.
We are expecting AMZN to test the bottom of our Arbitrage Band within the next 6-8 months
Look out below and be careful
We made it to the pulse line on our hourly Apocalypse Band chart! Expecting a bounce here. There is a ton of resistance at 273.01
If we stall here for a few days we should be able to overcome it but if not down we go.
249.01 is the next support.
See you at the bottom.
Arbitrage Trading Team
Expecting 260.48 to hold once again
Forecast should be bullish until roughly 273.01
If we can capture 273.01it becomes the new support
and the santa claus rally should begin
If however 260.48 fails or 273.01 fails
liquidating all equities for the year
Stock is having a hard time getting pass the fuchsia line of support and resistance expecting it to fail to cross again to begin the next round of down.
On the weekly scale we are still statistically out of room up here. An ugly retrace would be 540.00 but lets not get ahead of ourselves.
Expecting huge Commodity shift in the next coming days
We are sitting on the bottom of the Apocalypse Band our larges band on the hourly chart
which means in the next 10-15 days there should be a very nice bounce as we attempt to revert to the mean of the Arbitrage Band our smallest band.