ContraryTrader

Amazon H&S (short it)

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NASDAQ:AMZN   Amazon.com
Massive head and shoulders showing on daily chart. Apple and the QQQ have similar situation. I have an alert set on my trendline for a confirmation of fall through neckline.
As you can see Amazon has been one big consolidation since last July.
Mac D is doing the death cross
you can see H&S on RSI.
Fell below 200ma this week.
Grabbing a few 7/2 3000$ puts
Volume has vanished (white line)

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