Apr. 18 at 12:37 PM
$AMZN flashing short-term exhaustion signals
👉Click to view @NasdaqPulse for timely updates amid the volatility.
Price just pushed through the upper Bollinger Band while RSI is sitting in overbought territory — historically, this combo has led to sharp pullbacks in Amazon.
Key levels I’m tracking into earnings:
Gap magnets above/below:
$250 /
$240 /
$233
Unfilled memory level:
$213 still in play (similar to that
$176 reaction from 2025)
This is where things get interesting — momentum vs mean reversion.
If buyers can’t sustain this breakout, we could see a fast move back into those gaps. If they do… squeeze higher isn’t off the table.
Watching
$QQQ closely here too — if tech cools,
$AMZN likely follows.
No bias, just reacting to price + levels.
Drop charts you want me to break down