Not The Precious Everyone Wanted.

AMZN is betting big on The Rings of Power being as successful as The Lord of the Rings.

My first impression, I fell asleep watching it both attempts.

Complete snore fest and doesn’t engage anywhere near the magnitude LOTR did.

What’s that got to do with this online retailer?

Well it’s Prime Video. The underdog in the streaming wars.

I started analyzing AMZN a few weeks ago with this 15m Ascending Triangle

A clean break down, I decided to continue AMZ 15m series to see where it goes.

And finally a warning AMZN would not be in the No Mans Land for very long and provided an SPX level.

The next move for AMZN is bound to CPI and the next FOMC like every other equity that makes up the S&P 500.

There is some bullish sentiment I’m still reviewing that could see a lower CPI print and provide a short term bottom so be cautious.

Spreads are your friend!

But I keep hearing whispers in my head. SELL. SELL. SELL!!!


Thanks for reading my perspective.

Always remember, don’t take investment advice from people on the internet!