NFLX, VERY STRONG bullish trend. (almost too strong)
IF NFLX gaps up into the green box, that would be a forceful bullish gap and go. IF NFLX gaps 'too high' into the $500 range, she will almost certainly sell off. The trend on the monthly is just "too high" to sustain buying up there.
I THNK NFLX is going to gap down on earnings and trade higher. As long as NFLX doesn't gap down into the red zone, she will be more bullish than bearish. Even with a gap in the red zone, I would just expect some short term selling along with a longer term distribution
IF NFLX gaps up into the green box, that would be a forceful bullish gap and go. IF NFLX gaps 'too high' into the $500 range, she will almost certainly sell off. The trend on the monthly is just "too high" to sustain buying up there.
I THNK NFLX is going to gap down on earnings and trade higher. As long as NFLX doesn't gap down into the red zone, she will be more bullish than bearish. Even with a gap in the red zone, I would just expect some short term selling along with a longer term distribution
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