ProjectSyndicate

NFLX 4D: good night BULLS // 40% correction is here(NEW)

Short
NASDAQ:NFLX   Netflix, Inc.
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NFLX 4D: good night BULLS // 40% correction is here(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: US/Global stock markets are maxed out
::: 20/25% correction August/September
::: DAX down 5% in Europe already recently
::: QQQ/SPY joining BEAR party soon
::: NFLX is TOPPED out already in this cycle
::: unsustainable gains lately went parabolic
::: Dark cloud cover candle + runaway gap
::: spells MAJOR trouble for the BULLS
::: bulls going to sleep now
::: expecting CORRECTION to last next 4-8 weeks
::: distribution at the top in progress
::: previously went parabolic : WEAK CHART
::: will lose up to 40% during correction
::: There is no upside in this market
::: Get out / trim exposure / or SHORT IT
::: Game over bulls and market will shift
::: into BEAR mode August/September 2020
::: either way setting up for 40%+ correction
::: 4-8 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH

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