$AMZN - Market Analysis on Jul 26th, 2018

Zac posted AMZN earlier already, and I agree with him that one more pop can still be seen before it starts to fade. However, it looks much closer to another local top than setup for further sustained upside to me, so I actually lean a little more toward dropping from here as wave iv of 5 with the black fibs as target support.

AMZN - Micro - Jul-26 0922 AM (1 hour)
AMZN - Micro - Jul-26 0922 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.