AMZN is on an important historical level here. It has been defending this area. You can see the action that has happened here back in 2108-2020. Was a previous breakout and trying to hold as support. I dont know if this level will hold but should be on watch. If it gives out AMZN can drop again back to the $90 area. Considering it already rejected the 200sma on weekly its something to watch. I believe /NQ and /ES will both test their 200sma at some point in the near future and get a nice bounce from there, maybe a shakeout type move under it but I do think markets will bounce from there. So keep those levels on watch as well as this low for AMZN. Should all line up together for a move.
Trade ist aktiv:
Bought 130c for AMZN next week before close for ER for 1.70