Amazon.com Inc. was trading flat on Tuesday after attempting a bullish break immediately after the market opened. The stock has been struggling with heavy psychological and price history resistance at the $3,600 level on multiple occasions after filling a gap between $3,549.99 and $3,580.01 on Nov. 8.
The stock has been pressured by the general markets, which have been shaky due to the monthly expiry of the Volatility S&P 500 Index approaching on Wednesday and the monthly options expiration for November coming up on Friday, which will cause institutions to have to decide how to roll out their positions.
