Beware weakness in $AMZN; 3rd day of $QQQ short term up-trend

GMI6/6
GMI-28/8
T210873%

AMZN could be entering a Stage IV decline. Its yellowband pattern is currently over and it has only advanced 3 of the past 10 weeks. A major decline in AMZN might be a bad omen for the general market…..

 

1 thought on “Beware weakness in $AMZN; 3rd day of $QQQ short term up-trend”

  1. Stage 4 decline? There is a H&S pattern on the daily, but the dominant time frames (weekly and yearly) remain in strong uptrends.

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