$AMZN price level is currently right at the kumo.
The kumo is very thin now; suggesting that there is very little support below or resistance ahead.
However, the Ichimoku chart is also showing a small kumo twist suggesting bearish move ahead.
Vested with a SHORT APR CALL spread. Bearish.
Note:
There is also a Bullish Tenkan sen – Kijun sen cross. Given the thin kumo, it can go either way. Hence, my preference for a SHORT CALL spread to minimise my risk.
