Is the current market unbreakable.
Despite so many reasons to fall, the market has been going higher and higher. It has overcome the Yen carry trade sell off, bearish Sep etc.
SPX is up 23% year to date.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $Meta Platforms (META.US)$ $Palantir (PLTR.US)$ $Alphabet-A (GOOGL.US)$ $MARA Holdings (MARA.US)$ $Bitcoin (BTC.CC)$

$S&P 500 Index (.SPX.US)$ hitting new All-Time High (ATH)!! Strong bullish momentum
Last week (14 Oct 2024 to 18 Oct 2024), $S&P 500 Index (.SPX.US)$ (+0.85%) $SPDR S&P 500 ETF (SPY.US)$ (+0.86%) outperformed many mega-cap (The Magnificent 6) stocks:
Underperformers
$Microsoft (MSFT.US)$ (+0.44%), $Alphabet-A (GOOGL.US)$ (+0.11%), $Alphabet-C (GOOG.US)$ (+0.32%), $Amazon (AMZN.US)$ (+0.09%), $Meta Platforms (META.US)$ (...

Continues to respect the levels. Watch for 188.80 to hold, top of POC, for another attempt at 190.65.
Larger Image: tradingview.com...
$Amazon (AMZN.US)$  

$Netflix (NFLX.US)$ $Lamb Weston (LW.US)$ $Intuitive Surgical (ISRG.US)$ $DexCom (DXCM.US)$ $Insulet (PODD.US)$ $Bunge (BG.US)$ $CVS Health (CVS.US)$ $The Cigna Group (CI.US)$ $Schlumberger (SLB.US)$ $Archer Daniels Midland (ADM.US)$
📊⚡️📊

$Amazon (AMZN.US)$
VCP pattern. First attempt within a week to break 190. But closed below 190
Lets see if can break it through next week.

I've been watching $Amazon (AMZN.US)$ recently as prices have been hovering near the $190 level.
First, let's discuss why $190 is such an important level.
Weekly chart
From 2021 to 2024, $190 has acted as a key resistance level. Between late 2021 and 2022, the price fell nearly 55% from this high.
Daily Chart
$Amazon (AMZN.US)$ previous earnings on Aug 2024 saw price gapped down but soon recovered to test the $190 level again!
With ...