Potential trend change for the worlds biggest retailer...
Amazon has broken it's up channel from the 22 lows, it also peaked above the 21 high for less than 2 weeks, potential bull trap. Jeff Bezos has been selling, he was selling in 2021 also. Consumer discretionary is now down for the year, while the leading sector is utilities up 18%. With all the hype about the magnificent 7, is this contrary indicator now in play?
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