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If NASDAQ:AMZN does a similar move to NASDAQ:NVDA or NASDAQ:META , I fully expect some obvious gap fills. Not a matter of IF, but a matter of WHEN. 1st tgt: $125.25 2nd tgt: $163.27 If market doesn't sell off hard, I will sell cash secured puts of NASDAQ:AMZN until these gaps are filled.

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This would be my best guess of what will happen in the coming months. First a gap fill at 4218.70, then move a bit higher to trap buyers, then a gap fill down at 3979.20, and then the uptrend resumes.

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In the current bear market the simple weekly 21ma acted as resistance, and then flipped to support. I expect it will be tested once again.

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Nvidia needs to cooldown. There is a gap fill on $211.04. That's a 25% move down from 2023 highs. That's also 0.5 fib from December 2022 lows. A healthy pullback is needed for this name.