This is an update to an earlier post on a long term view of Amazon. You can see here that AMZN has bounced off the bearish 2.818 fib extension level, and is likely to retrace. My opinion is that short opportunities will arise in the 1468 to 1595 level sometime in the next week. After that amazon may decline further to the 1225 level to complete the near term bearish fib extension.