Everything is going smoothly and according to plan, so I am sort of goofy today (ref. previous recto-centric post).I am waiting for some data on the Semi sector (and delighting in seeing MKSI get hammered on its NEWP acquisition), machine tools, etc. and just sort of hanging around, looking at charts.Here’s one.

Amazon is rising on suspicious volume to its broken trend channel and two formerly supportive moving averages, which just happen to be crossing down for the first time the big rally began a year ago.

I could do something like this as an NFTRH+ update, but for short setups I’d rather stick to ETFs and indexes.Here is said bear setup, FWIW, with 575 looking like the key.

Amazon (AMZN) weekly chart

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