Downside to mid 6-7 range before a reversal.
Just an idea, but looks like eos is not done bleeding along with the rest of the market. Set some limit buys low.
The big giant looks on pace to dip back to our orange trend line from prior posts.
I'll be watching that lower tier -- 2930ish area. If the trend line is accurate, we should bounce and resume North for ER.
Keep an eye on the 200MA on micro time frames -- good reference of support. Key fib confluence level at around 1505.
So far I like the movement -- it looks good to pick up some steam towards close. But, as we know -- anything can happen. Be diligent.
Looks like we took a small step up and now hovering >1500.
Keep a watchful eye on the 200ma & movement up from here. Bullish vibes should continue through EOD.
Look for $AMZN to bounce off the mid 2900 mark. 2940-2960.
Would line up with a 0 mark on the fib. Certainly potential to keep dumping, but I'll be watching for bulls to redirect this ship North.
