AMZN Breakdown Brewing — Will $213 Hold or Slipping to $210?

📈 GEX Options Sentiment (As of June 17 Close):
* Resistance Zones (CALL Walls):
* $217.5 → 2nd CALL Wall and YDH (Yesterday’s High)
* $220 → Gamma Wall (Highest Positive NET GEX)
* $222.5–225 = Upper GEX cluster (low probability unless a macro bounce)
* Support Zones (PUT Walls):
* $210 → Major gamma-supported zone
* $207.5 → GEX Pivot/Defensive line
* $202.5 = 2nd PUT Wall (Flush zone if $207 breaks)
* Options Metrics:
* IVR: 13.6 (still low)
* IVx avg: 32.7
* Put Flow: 0.6% = nearly no bearish hedging → risk of fast re-pricing
* GEX Sentiment: 🟢🟢🟢 (still stable but neutralizing)

🧠 15-Min Smart Price Action Breakdown:

* Current Price: $214.22
* Structure:
* Price rejected multiple times off ORH (216.26) and YDH (217.06), forming multiple FVGs downward.
* Currently sitting in the PML–Demand Zone at $213.65 — critical bounce or breakdown area.
* Indicators (RSI, BBP, MACD, DMI) show building bearish pressure with fear (-14.44) and oversold tag.
* Trend Confluence:
* Lower highs + FVGs stacking downward = exhaustion
* Market mode = choppy / waiting, but volatility could expand below $213

🧭 Trade Scenarios for June 18:
🟥 Bearish Breakdown Setup:
* Trigger: Breakdown and 15-min close below $213.60 (PML)
* Target 1: $210.00 (Gamma cluster + PUT support)
* Target 2: $207.50 (Critical GEX floor)
* Stop-loss: Above $215.00
Momentum + volume pickup in that zone = likely flush to gamma magnet

🟩 Bullish Reversal Setup (Fade Play):
* Trigger: Hold and bounce from $213.60 zone + reclaim $215.00
* Target 1: $216.16 (YDC/PMH)
* Target 2: $217.50 (CALL wall + YDH)
* Stop-loss: Below $213.40
Needs market-wide support from SPY/QQQ to hold up — more likely a short squeeze bounce than clean rally

🔮 My Thoughts for Wednesday:
* AMZN is sitting on the last support shelf before gamma accelerates to the downside.
* GEX is still slightly neutral/bullish but very fragile — one push below $213 and dealers start to hedge short.
* Options flow is light, but low IVR makes buying options attractive if direction is clear.
* Best play is to watch open reaction at $213.60 — either rejection confirms short, or bounce gives scalp long.

✅ Summary:
* Bias: Bearish below $213.60
* Key Level to Break: $213.60
* Gamma Risk Level: $210
* Upside Reclaim: $216.16 → $217.5

Disclaimer: This analysis is for educational purposes only. Always do your own research and manage risk accordingly.