I meant to post this here an not the $AMZN board but, If it were not for the #CHIPS act coming out at the same time as their earnings I can honestly say I would be worried. On the other side of the tracks $SPY did not peak reaching 401 to fill in that gap.
These are two very important factors coming Monday.
Having said that here is why. (A) IF the bill is NOT passed we have the worst day in tech and perhaps the entire market.
MIDTERMS ARE COMING AND THE AMERICAN PEOPLE NEED HOPE SO THE BILL (SHOULD) PASS I am not going to hype what could be their earnings because that's their job lol.
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