Even though I'm hoping and expecting a quicker move in AMZN with the call position opened yesterday, it's like the GLD calls, the principle was the same, looking for a close move, but allowing some leeway incase it takes longer than you think which is almost always the case in the market.
I like what I see today and there may even be a chance to close the position or partial profits today.
The intraday chart today is responding well to price
The longer tern=m 2 min intraday I believe may be showing us accumulation on the right side of a "W" base (small base).
The intraday 3 min chart, instead of this being 2 separate events, I'm thinking they are 1 base.
AMZN will likely want to fill that gap in the $274 area, a "W" base of this size would be about the right size for a positive divergence to do that and this 30 min chart seems to hint at the two lows being part of the same short term base.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment