Thanks, Quill, for the interesting notes.
Me, I’m a lot more simple. I feel like AMZN gapped up into a messy range where the current price doesn’t tell me much. If this up move is going to be regarded as the start of an uptrend, then it needs to get up to a higher high in a time frame that is much longer than a few days. Yes, it could eventually surpass the required 135, or even better 145 (just 4% or 12% from here). But it could also fall to a new low 9% down from here. Currently it’s just in a messy middle area in my mind. From right here. I am not willing to bet on either direction, but maybe I could bet on both at the same time with a strangle.
I feel like once it settles down (tomorrow) it will likely just follow the market (SPY or QQQ) like it normally does. Currently SPY and QQQ are both weaker than AMZN, but that is expected.