AMZN Continues to Follow Our Bullish Script

AMZN... continues to climb towards a confrontation with its key Aug. resistance line, which cuts across the price axis in the vicinity of 976-977, which if hurdled and sustained, will trigger upside potential to challenge more significant resistance lodged between 992 and 1000. Only a failure to take out and sustain above 977 followed by a decline that breaks 966 will argue that the initial recovery upleg from Tuesday's head fake, Bear Trap low at 931.30 is complete, and that a correction is in progress.