Monday’s lunatic-powered leap brought AMZN within striking distance of the 1745.12 target I’d flagged here earlier. It is a clear and compelling midpoint Hidden Pivot, and if the stock gets through it easily or closes for two consecutive days above it, that would be strong evidence that more upside to D=1843.29 lies just ahead. The stock gapped up on the opening bar and barely paused for breath over the next six hours. That suggests shorts will remain trapped at the opening bell, presumably after a rough night. It goes without saying that a strong rally in this stock over the next several weeks would lend buoyancy to the stock market._______ UPDATE (July 10, 6:54 p.m. EDT): After stalling pennies from the 1745.12 target flagged above, AMZN popped above it, ultimately topping at 1750.00 before relapsing $18.  Overall, the action was mildly bullish although not sufficiently so for me to to say the 1843.29 target is well in play. A two-day close above 1745.12 would change the picture, however. Here’s an updated chart. _______ UPDATE (July 11, 9:32 pm.):  As the broad averages fell on Wednesday, AMZN did an effortless backstroke against the current and has continued to move higher this evening. The divergence is approaching insane extremes, so something will have to give. If the stock can close for a second consecutive day above 1745.12, it would turn me more cautious, notwithstanding what I said in the previous update. Another possibility is that AMZN, the Dow and the S&Ps get in synch to the upside as the week ends. That would make me even more cautious, since it would smell like a perfect bull trap._______ UPDATE (July 12, 1:55 p.m.): Yet another lunatic leap has brought AMZN to within pitching-wedge distance of the 1843.29 target flagged above. If and when the stock gets there, this Hidden Pivot resistance is NOT going to be a pushover. I’ll stipulate that AMZN close for two consecutive days above the target, or trade more than $6 above it intraday, before we infer that a new target at 1863.39 is in play.