This has been a wild week of earnings. Earlier in the week, we saw GOOGL report and explode and FB miss and implode.
On Thursday we had our last big technology name report for the week. Amazon reported its Q4 2021 earnings with a small loss of revenue, but announced it will boost the price of its prime membership.
The question now is…
Will AMZN save the market? Or will it fail to hold this move and roll over?
The S&P 500 (ES) has a new point of control (POC) for February at $4,505. On Thursday the ES chopped at this level before flushing into the close.
The Nonfarm Payroll report is Friday morning, which will be the focus for whether the news rallies the bulls or feeds the bears.
In this video, we’ll lay out the scenarios we can expect from the market and look at setups on NVDA, SHOP, and GOOOL.
Stay Focused!