Amazon.com may fall to 174.00 - 177.00

Pivot

183.50

Our preference

Short positions below 183.50 with targets at 177.00 & 174.00 in extension.

Alternative scenario

Above 183.50 look for further upside with 186.40 & 188.80 as targets.

Comment

The index currently faces a challenging resistance area at 183.50.

Supports and resistances

188.80

186.40

183.50

182.40 Last

177.00

174.00

171.20

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