Amazon.com may fall to 151.70 - 157.50

Pivot

169.00

Our preference

Short positions below 169.00 with targets at 157.50 & 151.70 in extension.

Alternative scenario

Above 169.00 look for further upside with 174.00 & 178.90 as targets.

Comment

The index currently faces a challenging resistance area at 169.00.

Supports and resistances

178.90

174.00

169.00

166.27 Last

157.50

151.70

140.00

Number of asterisks represents the strength of support and resistance levels.