Tuesday, April 30, 2013

The 50-bar simple moving average on a 15 min chart is important for AMZN

Usually it's the 5 min 50-bar that a lot of traders who watch the market intraday are looking at and I wouldn't be surprised at all if the 5 min version came in to play, but I did notice the 15 min version has been influential as well.

 The 15/50 close up, AMZN is seeing support there now...

A longer history of the same average/timeframe.

The 1 min chart doesn't seem quite done yet with this consolidation.

The SPY went from 1 min positive which turned it up to in line right now.

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