The stock of Netflix perhaps best illustrates the
sharp rise in the stock market in 2019.
As I have predicted in my recent articles on tradingview.com
the market's change of character from very bearish to very bullish,
seemingly turning on a dime, would be timed around the beginning of 2019
Few would have believed such an unthinkable event possible, only days ago.
Netflix NFLX will release it's highly anticipated earnings, after the market closes on Thursday Jan.17,2019
It's Daily Chart shows a very sharp recent bullish reversal,
confirmed strongly by Chaikin Money Flow CMF,
at the beginning of 2019.
Large money has accurately anticipated the sharp rebound in the stock market
and in turn,the bullish reversal in the price of Netflix.
All the talking head analysts who are paid to pump the price, seem to agree on that point.
Netflix's earnings results announcement this week, will be the revealing, and perhaps defining moment.
The stock price has rallied all the way back to major resistance, the technical expectation
which only took a matter of a few days, instead of weeks/or month's
How the market reacts to it's earnings, will tell you much about what big money saw,
about not only Netflix, but the stock market as a whole, at the turn of the new year.
Were they right,... in buying the late 2018 panic shakeout bottom
or were they terribly wrong ?
This is one earnings announcement, you don't wanna miss.
NFLX 337.59
THE_UNWIND
1/12/19
NEW YORK
sharp rise in the stock market in 2019.
As I have predicted in my recent articles on tradingview.com
the market's change of character from very bearish to very bullish,
seemingly turning on a dime, would be timed around the beginning of 2019
Few would have believed such an unthinkable event possible, only days ago.
Netflix NFLX will release it's highly anticipated earnings, after the market closes on Thursday Jan.17,2019
It's Daily Chart shows a very sharp recent bullish reversal,
confirmed strongly by Chaikin Money Flow CMF,
at the beginning of 2019.
Large money has accurately anticipated the sharp rebound in the stock market
and in turn,the bullish reversal in the price of Netflix.
All the talking head analysts who are paid to pump the price, seem to agree on that point.
Netflix's earnings results announcement this week, will be the revealing, and perhaps defining moment.
The stock price has rallied all the way back to major resistance, the technical expectation
which only took a matter of a few days, instead of weeks/or month's
How the market reacts to it's earnings, will tell you much about what big money saw,
about not only Netflix, but the stock market as a whole, at the turn of the new year.
Were they right,... in buying the late 2018 panic shakeout bottom
or were they terribly wrong ?
This is one earnings announcement, you don't wanna miss.
NFLX 337.59
THE_UNWIND
1/12/19
NEW YORK