Captain_Walker

AMAZON: Could be in trouble

XETR:AMZ   AMAZON.COM INC. DL-,01
See the monthly picture of Amazon. This is not a confirmed double top as yet. But there could be trouble if it turns out to be. I always look to the higher time frames to see what influences may be ahead for lower time frames.

Note that most of Amazon's boom is in the era of 'free-money' supplied indirectly via the FED.

If Amazon is going to break down (and have a correction) then it'll be most visible on a 4H to 6H time frames.
Note that a downward adjustment to March 2019 total nonfarm employment of -501,000 was made! See here at US Department of Labour Statistics https://www.bls.gov/web/empsit/cesprelbmk.htm Get real news, not fake news!
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