If one is speculating on more downside for AMZN, time is of the essence.
Right now, two timeframes matter most: Monthly and Yearly.
Monthly closes Monday, yearly closes in two months; both right around the corner.
If you’re in Bear’s camp, nothing could be better than delivering a deadly blow at year’s end. Let’s look at what it will take to deliver the blow.
Amazon hasn’t lost a yearly candle since 2014. Nine years later, 2021 was a near miss, up only by a ting.
Not so, 2022: AMZN has been down every quarter since January.
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