Total Quality
Score
If You Had Traded on This Analysis…
Pending
AMZN
Short Entry
249.9700
2026-06-04
04:11 UTC
Target
241.0000
Fail
255.0000
Risk/Reward
1 : 2
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Live PnL
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The overall market sentiment is bearish, with major indices like the S&P 500 (SPX) and Nasdaq (NDX) showing signs of weakness and potential pullbacks. SPX is testing support around 7200, with a potential further decline to 7000 if it breaks below. Similarly, NDX is approaching support at 25370, with a failure below this level suggesting a drop to 23000. Tech stocks are particularly vulnerable; AAPL is down 4.94% from its ATH and is eyeing support at 283.83, while AMZN is down 2.59% and could drop to 241.0. TSLA is also showing weakness, breaking below a short-term ascending channel and testing support at 383.83. NVDA, despite recent strength, is also showing signs of exhaustion and has support at 214.95 and 190.90. Broadcom (AVGO) has seen a significant drop of 2.94% after earnings, indicating potential downside towards 400. The overall market trend appears to be shifting downwards.
