[AMZN] update

In the backlink I was modeling that the deep vee 2nd wavc was not likely complete yet and I was looking for a kiss of the top rail from below.  The net effect would be formation of the owl.




We have not gotten all the way back up to the top rail yet but I think it likely peaked with the unicorn horn.  Below is a zoom in of the current snapshot.  We will have our first confirmation of breakdown when/if the chart falls back into the region of the rising wedge.  So far, however, this is just a backtest from above and we could still see another day or two of stockphoria before the reversal sets in.  AMZN is now trading with the herd so if it goes up then perhaps there is a bit more left in the DJIA surge as well.  Nothing is impossible but I think the markets, including AMZN should begin to move down tomorrow, most likely before noon.