Amazon, Inc. (NASDAQ:AMZN) surged dramatically higher today as the risk on trade surfaced again. After the ISM Non-Manufacturing Index was the worst in six years, odds of a Federal Reserve interest rate hike fell sharply. The stock closed the day at $788.87, +16.43 (+2.13%). While investors wonder if a bullish breakout is in progress, pro investors are noting a key trend line that when hit, seems to cause a pull back in the stock every single time. This has happened four times in the past four months to Amazon shares, each time it pulled back nicely. Based on pure technicals, it is likely that Amazon will pull back again. Just a heads up for those looking for a short entry on the stock.

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