We’re staying close to AMZN because it can tell us everything we need to know about the bull market, its institutional sponsors and their exact state of mind at any given moment  On Tuesday, the Masters of the Universe ran ’em up shorts’ ol’ wazoo, goosing the stock $62 above the previous day’s lows. This has of course improved the odds of a finishing stroke to the 1639.19 target shown.  I hadn’t given up on it, but last week’s plunge seemed to put it out of easy reach; now, it’s just one middling short-squeeze away. The broad averages will be unable to fall if this occurs. However, we won’t allow ourselves to get caught up in AMZN’s ebullience, since the stampede could easily end at 1639.19, a clear and compelling Hidden Pivot resistance. I’ll suggest buying a few out-of-the-money puts with a week or two left on them if and when AMZN gets there, but treat this as a speculation, wagering no more than you can afford to lose painlessly.  In the meantime, I’ll keep a close eye on the lesser charts, since I’d hate for us to be caught unprepared if the stock turns lower, possibly headed to sub-$1000 hell, without having achieved such a crystal-clear target. ________ UPDATE (March 23, 12:18 a.m.):  Today’s nasty reversal signaled more downside to at least 1508.91.  Let’s see if this relatively minor Hidden Pivot support can contain sellers.  Here’s the chart.  Please note that a rally to the green line would trip a mechanical short there, stop 1590.01. _______ UPDATE (March 23, 2:46 p.m.): The stock bottomed this morning at 1509.00 — just nine cents from the Hidden Pivot target flagged above — before trampolining $22 higher. No one mentioned having used the target to get long, so I haven’t established a tracking position. If this is incorrect, please let me know in the chat room and I will provide further guidance.