Bearish volume is picking up on AMZN. It's below the 200 SMA. Possible double top action. Troy B is looking for a weekly bear call spread (just FYI)
On this trade, I would love to see $540 as a target. There are obviously some places AMZN could bounce before then. I will wait for the End of Day (EOD) last 15 mins or so in the market and make my determination on this trade. Short shares or Long May Puts.
On this trade, I would love to see $540 as a target. There are obviously some places AMZN could bounce before then. I will wait for the End of Day (EOD) last 15 mins or so in the market and make my determination on this trade. Short shares or Long May Puts.
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