Eye on AMZN - Market Analysis for Feb 9th, 2018

FYI-- Mighty AMZN is down 15% to a low at 1281.19. The last major upleg in AMZN began at the 9/26/17 low at 931.75, which ended at 1500 on 2/02/18. The 38% Fibonacci Retracement Support Level is 1283.00, which was tested at 12:15 PM ET.

So far, the 38.2 Fibonacci is holding, but it is THE LEVEL to watch in the upcoming hours, and if violated and sustained, will trigger POTENTIAL for AMZN to extend still lower towards 1200-1225 next. Last is 1287.00

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