AMZN Follow Up

Ideally AMZN looks the best above $269, but honestly, sometime you get too myopic and miss the bigger picture. If your risk management is under control then you should be fine.

 Since the 11/16 cycle started to the left (white) we have a leading negative 30 min chart, that's a pretty strong big picture signal.

 The 15 min chart is very respectable, although it is faster than the 30 min so it will look worse and have more details. This is the strategic view, the short term charts to follow are the tactical outlook.

1 min leading negative, that almost looks like a small head fake high, not just because of price, but volume there too.

 The 2 min chart

A longer view of the 5 min chart.