AMZN Oct. 1 – Testing $220 Pivot, Which Side Breaks First?

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AMZN Oct. 1 – Testing $220 Pivot, Which Side Breaks First?Amazon.com, Inc.BATS:AMZNBullBearInsightsIntraday View (15-Min Chart) AMZN sold off sharply and is now consolidating under a descending trendline near $219. Momentum remains bearish, but support around $218–$219 is trying to hold. * Support Levels: $218.95, $217.93, $216.48 * Resistance Levels: $220.20, $222.54, $224.81 * Indicators: MACD still red, showing sellers in control. Stoch RSI sitting mid-low, giving room for a possible bounce. 📌 Intraday Thought (Oct. 1): If $219 holds, AMZN could rebound toward $222–$224. A breakdown under $218 risks a slide toward $216. Scalpers can lean long near $219 support with tight stops, or fade into $222.5 resistance if tested and rejected. Options & Swing View (1H + GEX) Gamma exposure sets clear levels: * Upside: Call walls stacked at $222.5–$227.5, with gamma extensions toward $230–$235. * Downside: Heavy put support at $217.5–$215, with deeper walls at $212.5. This leaves AMZN boxed between $217.5–$222.5 short term. A breakout over $222.5 could target $227–$230, while losing $217.5 risks continuation into $215 or lower. * Bullish Play (Oct. 1): Calls or spreads targeting $227–$230 if $222.5 breaks. * Bearish Hedge: Puts targeting $217.5 → $215 if $218 fails. * Neutral Play: Iron condor between $217.5–$222.5 while AMZN remains pinned. My Thoughts (Oct. 1) AMZN is in a tight coil around $219, with $222 overhead and $217.5 below as key decision levels. A confirmed break of either side should dictate the next swing move. I’d stay cautious intraday until one of those levels clears, then align options with the breakout direction. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before trading.