Amazon’s Earnings Changed MomentumAmazon.com, Inc.BATS:AMZNSophie_MarenAmazon’s latest earnings gave buyers a powerful fundamental catalyst. Q2 revenue rose 20% year over year to $200.6 billion, while AWS sales accelerated 37% to $42.2 billion. Operating income also climbed to $27.5 billion, reinforcing the view that Amazon’s cloud and AI investments are beginning to translate into stronger growth. The market responded with a sharp repricing, but the H4 chart shows that momentum has now reached a more demanding phase. Amazon remains in a bullish structure, with higher lows intact and buyers still defending the recovery. However, the latest impulse has stalled beneath the upper trend boundary, while short-term momentum is beginning to cool. The primary scenario remains constructive if the current pullback holds above short-term trend support. A higher low from this area would suggest that the post-earnings move is developing into a healthier continuation rather than a one-off reaction. The alternative scenario begins if price loses the intermediate support structure. That would open the door to a deeper pullback toward the broader rising trendline without necessarily invalidating the longer-term bullish trend. Invalidation: Sustained acceptance below the broader rising structure would weaken the bullish thesis materially. For now, buyers retain control. But after such a strong fundamental catalyst, the next higher low matters more than another vertical move.