Market Status: AMZN in sharp decline! Down 3 consecutive days, losing -11% from Feb 3-5. Currently trading at $223.14, well below EMA9 ($235.33) but near EMA200 ($224.30) support zone.

Technical Indicators: MACD flipped negative (-0.12), histogram deeply bearish at -1.51. RSI at 37.12 approaching oversold territory but not yet extreme. Momentum clearly bearish.

Key Levels: Critical support at $220.38 (recent low). Resistance at $233-$235 (EMA cluster). February 5th showed a large gap down open from $232.99 to $224.91 - classic panic selling.

Prediction: Short-term bounce likely as RSI approaches oversold and price tests EMA200 support. Expecting a relief rally but overall trend remains weak.