Friday, December 20, 2013

AMZN Charts

It's amazing how fast this market is moving, I keep saying it, but the more I see, the more I'm convinced there was absolutely a leak of the December Taper. After the initial knee-jerk reaction I always want to let the dust clear and see what's what before moving, but with this Quad Witching, it seems like that's all they were waiting for and since there has been strong distribution signals in the second half of the afternoon as suspected.

These are AMZN charts, you know what they are.
 2 min intraday

5 min monster move

The 15 min has been in place

As has the 4 hour and

The daily, we just needed the short timeframes and a reasonable area, $400 was perfect

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