Amazon’s $220 Billion 2026 Capex Outlook Meets a No-Earnings Week

By Nathan Brooks

Amazon.com, Inc. (NASDAQ:AMZN) enters the Nov. 9–13, 2026 trading week without an earnings release, with 2026 capital expenditures expected near $220 billion, according to BullBearInsights’ TradingView outlook. The author expects AMZN to keep digesting its strong third-quarter report, with CPI on Tuesday and PPI on Friday adding potential volatility.

BullBearInsights cited AWS revenue growth of 39% and Amazon’s highest operating margin on record in the strong third-quarter report. Heavy AI spending remains the central concern. Amazon also began rolling out text-based Alexa Shopping.

BullBearInsights set the core view plainly: “AMZN is neutral-to-bullish while holding above 257.50.” With no earnings release scheduled, the technical map and macro data carry the immediate trading agenda.

Without a scheduled earnings reset, traders must separate the operating record from the forward spending concern. The 39% AWS growth rate and record operating margin describe Amazon’s reported performance; expected 2026 capital expenditures near $220 billion define the spending level carried into the week.

Where AMZN stands

On the daily chart, AMZN closed at $259.30 and traded near $261.68 overnight, BullBearInsights said. Price remained above moving averages at $253.88 and $243.95. Daily RSI stood at 55.03, supporting a neutral-to-bullish bias.

Resistance starts at $264–$265, followed by $270–$273. Support sits at $253.88, then $248 and $243.95. The $253.88 moving average therefore doubles as the first daily support level.

On the one-hour chart, AMZN consolidated after a sharp move between $252.27 and $273.23. BullBearInsights said price had broken the short-term downtrend line, while $264.18 remained important resistance. Momentum was beginning to curl higher from an oversold area.

According to the analysis, holding above $258 keeps the recovery setup active. That threshold sits close to $257.50, the broader plan’s key downside level.

What does the $262.50 trigger change for traders?

BullBearInsights’ plan makes $262.50 the upside trigger and $257.50 the downside trigger. A trade in the middle of the range lacks the confirmation the author requires. The setup therefore demands a confirmed break at either edge, not simply a touch of a threshold.

• Call setup: Break and hold above $262.50 with a confirmed five-minute retest. Targets: $265, $270 and $272.50.
• Put setup: Reject $262.50–$265 or break below $257.50 with a failed reclaim. Targets: $255, $252.50 and $250.
• No-trade area: $257.50–$262.50. BullBearInsights said positive GEX could produce chop inside that range.

The daily bias and the one-hour recovery both require AMZN to hold above nearby thresholds. In the author’s plan, that makes $257.50 the level to defend before the bullish setup changes.

Options positioning has a Monday deadline

Monday’s 1DTE data showed positive GEX, with HVL near $257.50, favoring pinning and mean reversion, BullBearInsights said. Strongest call levels were $260, $262.50, $270 and $272.50.

Put support sat at $257.50, $255, $252.50 and $250. IVR was moderate at 35.6. The GEX map applies to Monday and should be updated daily.

That one-day horizon limits how long the options map can carry without a new reading. BullBearInsights’ instruction to update it daily makes Monday’s levels a starting point, not a week-long signal.

The $257.50 level therefore serves three functions in the analysis. It sits near the options HVL, just below the one-hour $258 recovery threshold and at the bottom of the $257.50–$262.50 no-trade range.

For traders in AMZN, the order of operations matters. The $262.50 call trigger requires a break, hold and five-minute retest, while a downside break below $257.50 needs a failed reclaim before the put targets apply.

BullBearInsights’ instruction is direct: “Wait for confirmation instead of trading the middle of the range.” A clean break above $265 would strengthen the weekly bullish structure; below $257.50, sellers regain control, according to the author. With no earnings due, CPI, PPI and price confirmation around $257.50, $262.50 and $265 set the week’s immediate tests.