Lots of G2/G3 unsecured lows on the downside. More odds of clearing those levels breaking previous swing low during the month of Feb 2019 - Mar 2019 as mentioned in my twitter post . #MarketProfile
Trading Sentiments are upper extreme one of the good trade location to hold positional shorts
The second shutdown of the United States federal government in 2018—which has continued into January 2019—began at midnight EST on Saturday, December 22. It occurred when the United States Congress and President Donald Trump could not agree on an appropriations bill to fund the operations of the federal government for the 2019 fiscal year
On the 4 hourly charts, responsive Coppock indicator turned positive indicating a possible short-term uptrend towards 1240 levels. Short term supports coming around the psychological support zone 1200 levels.
More detailed analysis here
Its time to look into the potential downtrend with todays high 27025.45 (spot) as stop towards 25800.
Anything above 27025 invalidates this pattern.
Estimated Timeframe : 10-12 trading sessions or even less than that.
AMZN stayed 567 days above 200MA. That is a huge time any stock could spend historically above 200MA. Possibly a better place to look for mean reversion as momentum in Amazon is slowing down.
Key Expectation : Mean Reversion towards 200MA
Similar Examples quotes here