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AMZN technical analysis- Where to buy dips?

Key Takeaways

  • Thursday’s rise lifted S&P up to resistance at 4303- While it’s possible a bit more upside can happen on Friday, the risk/reward for trading longs is growing poor
  • AMZN analyzed after Thursday’s post earnings breakdown
  • US Dollar surge vs Yen has reached highest levels in 20 years  
The S&P bounce got right to 4303 in Futures before reversing course, and upside from here likely should prove limited technically before weakness reasserts itself a...

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