AMZN has reversed direction from within a millimeter of the 1502.06 target shown. Although in theory this was a good spot to have staked out a long position against the trend, that doesn’t necessarily imply the stock is now headed into the wild blue yonder. In fact, according to the Hidden Pivot Method, strong bull moves give way to corrections that typically reverse from at or near the midpoint support of CD legs.  In this case, the correction crushed the midpoint and fell straightaway to d=1502.06. We won’t presume the worst, at least not yet, but we should be prepared for a weak rally on Tuesday. Specifically, we’ll be looking for the uptrend to fail just shy of the 1532.50 peak recorded Monday on the way down. It is easily visible on the 10-minute chart and would make a temping ‘a’ high for a counterintuitive short. _______ UPDATE (April 24, 5:50 p.m.):  The royally privileged scumballs who manipulate this stock for a living were at their quasi-criminal best Tuesday when they goosed AMZN to 1539.79 on the opening bar, somewhat exceeding the short-able peak I’d noted above, before pulling the plug. Bulls were trapped badly as AMZN began a 91-point dive that commenced, shamelessly, less than a minute after the bell. Here’s the chart, if you’re curious about how badly early-morning buyers got hosed. The odd thing is that the plunge did not exceed even a single prior ‘external’ low on the hourly chart, meaning the move was not bearishly impulsive.  That would require a print surpassing 1424.52 to the downside.  Let’s see what the Masters of the Universe do next.________ UPDATE (April 25, 8:50 p.m.): They trapped bears badly, is what the Masters of the Universe did. With a bold shakedown on the opening bar, DaBoyz jettisoned the last, hardcore holdouts against the weakness of the last week. Here’s the tradeable pattern, which shows promise for a possible ‘mechanical’  buy on a pullback to the green line from somewhere between p and p2.