2 down, 2 to go: AMZN, FB, AAPL, GOOG

GOOG: Wedge breakdown (check). Bounce off initial support (check). Next stop, 689.

AAPL rejected so far on the attempt to regain the gap while the 60-minute trend indicators flip to bearish.

Still awaiting a 60-minute break & close below the minor uptrend line as AMZN fails to take out the 723 R level.

FB still holding above the key 116 support...for now, with the potential for an Island Cluster Reversal Topping pattern, should the stock gap down below that level in the coming sessions.

2016-06-02T12:29:39+00:00 Jun 2, 2016 12:29pm|Categories: Equity Market Analysis|Tags: , , , , |2 Comments


  1. joefriday June 3, 2016 11:57 am at 11:57 am

    Randy… how’s AMZN looking… seems close to breaking below wedge..


  2. rsotc June 3, 2016 12:11 pm at 12:11 pm

    Very close but not there yet. Still dancing on the uptrend line as of now but the negative divergences in place on the 60-minute time frame point to a very likely break below that minor uptrend line… soon.


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