Amazon, Microsoft, & Google - Major Signals Flashing On All 3 Charts.

AI-generated source summary

The market analysis focuses on SPY, MSFT, and GOOG, identifying key price levels and trends. SPY is in a bullish uptrend, recently consolidating around 781.5, with a target of 790 and a failure bound at 760. The analyst suggests that this consolidation is a 'pit stop' before further upward movement. MSFT is also showing bullish characteristics, having recovered from a downtrend and now approaching resistance levels. The analyst identifies a key resistance zone between 784 and 771, suggesting potential downside if these levels hold. However, the current setup suggests a potential continuation of the uptrend with a target of 535 and a fail bound at 480. Google (GOOG) is presented as being in a more complex situation, having broken an uptrend and then a downtrend, showing a clear battle zone between buyers and sellers. The analyst notes that Google's chart shows a strong previous uptrend followed by a significant drop, but recent price action indicates a potential reversal. Support is identified around 330-335, and resistance is noted around the 400-405 level. The analyst believes that Google's failure to maintain previous highs and its current position near support, combined with mixed signals, makes it a stock to accumulate at lower levels if it breaks down, anticipating a potential continuation of the uptrend to 410.

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