Amazon.com
Short

Break below 2850 and look out below

214
Bears have been fighting the rising wedge for a long time now. With many pushes trying to breakdown. Well they finally managed to do it. However, to gain control they need to take out the $2850 which was the bottom of the wedge and has some amount of build up done. Once there, I think the next level down could be as low as $2k for this thing. Again, not wishing that it happens but that's what the charts are telling. Long running trendline and a previous resistance level turning into support converge. $2k seems like an ideal target for bears to shoot for.

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