Amazon shares sold off hard Friday after failing twice to get past a Hidden Pivot target sent out to subscribers two nights earlier. Goosed by an upbeat report on Q2 profits after Thursday’s close, the stock vaulted to within less than $2 of the 1898.35 ‘hidden’ resistance. It proved to be an impenetrable barrier and may yet turn out to mark an important top. AMZN’s ability to shrug off this uncharacteristic defeat could be crucial to keeping the FAANG stocks from deflating further. NFLX and FB both got the stuffing knocked out of them last week on disappointing earnings news, and the broad averages that look to these lunatic-powered stocks for inspiration are likely to be vulnerable if their source of inspiration fails._______ UPDATE (August 3, 1:03 a.m. EDT):  ‘Important top’?  A Martian invasion seems more likely, given the ease with which this stock reverses downtrends and then climbs to new highs. Let’s see how buyers fare with the 1836.47 midpoint resistance shown in this chart before we make book on the 1933.62 ‘D’ target to which it is tied.