AMZN is looking very good in a couple of timeframes, but it could look better in some of the ones in between the 1 and 5 min charts I'm going to show you.
Longer view of 1 min AMZN 3C chart, leading positive.
Closer view of the 1 min leading positive, as AMZN broke below support (this would be the head fake move), it looks as if the 3C chart is getting ready to move higher, if that happens I'll probably have to at least start a position there.
The 5 min chart went negative, traded in line with the move down and is now moving to positive.
I'd like to see the 2 & 3 min charts become more clear, the 1 min chart is what I'd call, "Jumping off the chart", but the more timeframes the better.
Is interest rates about to start going up?
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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
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