AMZN – Jan 2 Market Preview (15m structure + GEX context)Amazon.com, Inc.BATS:AMZNBullBearInsightsStarting with the 15-minute chart, AMZN is not in a bullish structure right now — it’s actually very clean from a price-action standpoint. We already got a CHoCH to the downside, followed by a BOS, which tells me the short-term control shifted to sellers. Since that breakdown, price has been compressing and drifting sideways near 230–231, which usually means one thing: the market is waiting for a driver, not guessing direction. This is important — because when price stops trending and starts compressing after structure breaks, direction often comes from positioning, not indicators. That’s where things get interesting. Now the GEX side (this is the real context) Looking at AMZN’s GEX map going into Jan 2, price is sitting right near 230, which is not random. * 230 area = strong dealer support / gamma balance * Below that, the next meaningful downside pocket doesn’t really show up until 227.5 → 225 * Above price, the largest positive NETGEX / call resistance sits near 235 * That means AMZN is currently trapped between put support and call resistance When price sits inside this kind of gamma box, it explains why: * Breakouts keep failing * Momentum dries up * Moves feel “slow” and frustrating This is dealer-controlled price, not emotional trading. How I’m thinking about Jan 2 As long as AMZN holds 230, downside is likely defended, not trending. As long as AMZN stays below 235, upside is likely capped, not trending. That creates a very specific environment: * Mean reversion > trend * Scalp mindset > swing mindset * Edges matter, middle is noise If AMZN loses 230 with acceptance, GEX suggests a fast rotation toward 227–225. If AMZN pushes toward 234–235, that’s where I expect selling pressure, not a clean breakout — unless gamma flips. Why this matters (and why I keep mentioning GEX) The 15-minute chart tells you what happened. GEX helps explain why price behaves the way it does after. If you’ve ever wondered why AMZN: * stalls for hours * rejects the same levels repeatedly * feels “heavy” even with good candles This is usually the answer. Bottom line for Jan 2 AMZN is not a trend stock right now — it’s a positioning stock. Price is sitting at a level where dealers matter more than indicators. I’ll be watching: * 230 as the decision level * 235 as the upside ceiling * Acceptance or rejection to tell me whether this stays a range or turns directional No rush. Let the market show its hand. This is not financial advice — just how I’m reading AMZN going into the new year as a trader.