1-Hour Technical Outlook
Amazon is still moving inside a descending channel that’s been intact for over a week. Price has been repeatedly testing the $217.5–$218 support while carving out slightly higher lows—early signs of a basing attempt. Current price near $220 is rubbing against the channel’s downtrend line. MACD histogram is building positively and Stoch RSI is holding in bullish territory, hinting at upside momentum if buyers press through resistance.
Key upside levels are $221.5 and $222.5, followed by the major swing zone at $227.5–$230. Support rests at $218.1, then $216.5, where a decisive break could open a retest of the recent lows near $215.
Gamma Exposure (GEX) Confirmation:
Options positioning strengthens the map:
* Highest positive GEX / Call Resistance sits at $225, aligning with the top of the recent structure.
* A dense second call wall clusters at $222.5, which explains why price has stalled there.
* On the downside, dealers show heavy put support at $217.5 and $215, matching the key channel floor.
If AMZN can close above $222.5 with volume, gamma hedging could fuel a quick push to $227.5–$230. A sustained drop through $216.5 would likely bring dealer-driven pressure to $215.
Trade Ideas & Option Plays for This Week
* Bullish Play: Enter on an hourly close above $222.5, targeting $227.5–$230. Options: 1-week 222.5 calls or a 222.5/227.5 call debit spread for lower risk.
* Bearish Play: Short below $216.5, targeting $215 and possibly $212.5. Consider short-dated puts or 217.5/212.5 put spreads.
* IVR around 27.9 and IVx avg near 34 means premiums are moderate—good for defined-risk spreads.
My Take AMZN is setting up for a clean range expansion. A decisive breakout above $222.5 would turn the short-term tide bullish with room to $230. But if $216.5 cracks, sellers could quickly push to the $215 zone. Watch the open and first hour closely—gamma levels and volume will tell the story.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
Gamma Exposure (GEX) Confirmation:
Options positioning strengthens the map:
* Highest positive GEX / Call Resistance sits at $225, aligning with the top of the recent structure.
* A dense second call wall clusters at $222.5, which explains why price has stalled there.
* On the downside, dealers show heavy put support at $217.5 and $215, matching the key channel floor.
If AMZN can close above $222.5 with volume, gamma hedging could fuel a quick push to $227.5–$230. A sustained drop through $216.5 would likely bring dealer-driven pressure to $215.
Trade Ideas & Option Plays for This Week
* Bullish Play: Enter on an hourly close above $222.5, targeting $227.5–$230. Options: 1-week 222.5 calls or a 222.5/227.5 call debit spread for lower risk.
* Bearish Play: Short below $216.5, targeting $215 and possibly $212.5. Consider short-dated puts or 217.5/212.5 put spreads.
* IVR around 27.9 and IVx avg near 34 means premiums are moderate—good for defined-risk spreads.
My Take AMZN is setting up for a clean range expansion. A decisive breakout above $222.5 would turn the short-term tide bullish with room to $230. But if $216.5 cracks, sellers could quickly push to the $215 zone. Watch the open and first hour closely—gamma levels and volume will tell the story.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.