SPDR S&P 500 (SPY)

[Wishthiswasmyjob]

You can add AMZN to the list
of formations which are not healthy.

1700 is support, it took 9 days to climb to
1790 and it just wiped a third of those
gains off the board today on solid volume.

AMZN is a solid indicator of the consumer...
It has also had a death cross here this month.

I think we're in for an ugly earnings season -
Everyone keeps ignoring the econ reports we've
seen lately, both with service sector and manufacturing,
have not been stellar.

They were selling off the NFLX pop before the bubbly
even got warm.
The global slowdown is real, the debt load is real,
the consumer is tapped out...
Question is, when will the true economy actually
start to matter to the stock market.