AMZN Daily update This chart represents the uncertainty that I see out there right now. 1. Many stocks are at potential bottoming levels and structures, so the white immediate bullish count could have markets bottoming here and stocks like AMZN ready to rocket upwards. We would also see growth stocks heavily recover (see my ARKK weekly post). 2. Because of the heavy selling that ended last week we do have to keep deeper pullback counts in mind though. One possibility is that stocks and general markets correct against August lows. That would be the green count. But the other much more bearish intermediate term possibility is stocks and indices correct against late 2022 or early 2023 lows in blue here.
