Amazon's trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.
Amazon, a market leader and member of FAANG, is dangerously close to triple downside alignment. While regular subscribers don't have access to Amazon yet, they will be first to know if/when the wheels fall of the Street's darling. Amazon is not only a leader for technology but also retail stocks. Triple downside alignment would be a huge warning shot across the bow "Everything is Awesome" sold to the masses. I'm not here to predict or promote. Trends don't care what I think or believe. There's only what the invisible hand is doing. Subscribers used to reading the Matrix should know that Amazon's primary trend price and volume's oscillators are 4% and 6%, respectively. And if that's not enough, Amazon's price and volume bandwidths (BW) are 32% and 29%, readings darn close to compression (COM). In other words, Amazon is figuratively standing with one foot in the grave and another on a banana peel, yet the talking heads say nothing. Don't fall asleep on this one, if Amazon collapses, it could easily spread across the market, possibly fast or a slow motion train wreck like Enron or WorldCom.
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