McInnis 03 said:
Talon2DSO said:
Amzn keeps disappointing today
AMZN is definitely going for an inside day here unless the bottom drops out. That's a consolidation day, means options get chopped up like a mofo. I'll try to update later today just before close what the prospective levels to watch tomorrow will be based on todays daily candle. Inside days can make for a predecessor to a moving day the next day.
So today's high was 3232, a break of this allows for a first target of 3248.95 or Tuesday's high. Today's low was 3173.26, a break of this allows for a first target of 3157.18, or Tuesdays low.
Here's to seeing what tomorrow brings. We're only 2 days into it, but we're currently working on an inside month, so it could be chop city. The monthly targets are in the high 3300's and 2900's.