AMZN - long term trend
AMZN bears close watching. The implication is that the stock could make its bull market top within a +/-10 point range. We need to watch this for about two to three weeks for confirmation. Because Amazon is arguably the most important stock market bellwether of them all, my bullish forecast implies that the broad averages also have at least one more strong upthrust left in them before we might expect to see a much needed correction after nearly seven years expansion.
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