Monday, September 14, 2015

#AMZN Bias Update and Levels for Monday, September 14, 2015

#AMZN Bias Update and Levels for Monday, September 14, 2015SocialTwist Tell-a-Friend


AMZN  is now at/near to where it was trading in a sideways pattern just before the most recent market sell off/pull-back; and seems to now be in definite wait mode for FOMC rate decision.

 The key area/zone I have an eye on is 512s which is last week's value area low (VAL) and Daily center Sigma at 510s. 

 If holding above the 512s-510s zone post FOMC rate decision there will be potential to head to the first upside target at 538s-542s zone before the +3Sigma target at 568s-570s zone.

 If a breach below 510 the lower targets are at 490s, 476s/75s, then the -3Sigma target at 452s.



Ethan Premock
Futures & Options Strategist Hamzei Analytics, LLC

Posted by Hamzei Analytics, LLC at 3:13 PM

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