wellrock

wellrock

Things certainly look to be shaping up for a big movement coming into the late end of the year. I can't help but notice a classic bear trap setup where we can even see less volume on the final attempt at breaking resistance, unfortunately, I think SPY may be in for some real trouble. I see no volume spikes to indicate any sort of low at this point, combine that...

wellrock

AMZN underwent an impressive rally post-earnings, serving as one of few. On the 1 Hr time frame we see a text book double top, waiting for it to bounce of the neckline resistance for entry. First Target Is $138 and a failure to hold this support could send AMZN deep deep into the red. Wait for confirmation before entering trade.