This is a lotto play on NFLX. Currently in NFLX 10/18 285P. The target profit area is $252.28 which is the 9/24 low.
Based on Zacks' prediction, there will be a Earnings ESP of -2.09%. This means a negative earnings surprise. Historically speaking, NFLX hasn't performed the best during Q2 ER albeit mixed results looking over a 5 year trajectory. In addition, NFLX...
Referenced the idea from the Oct/Nov 2015 rally to now (Feb/March 2016 rally). If this heavily manipulated market holds true, we should rally higher into overbought territory - disregarding the overbought part. We'll see, this is speculative at the moment.
Doesn't take an expert to see that this is a bullish engulfing candle. This means that USO has a high probability of going higher after months long of pullback. Short term resistance is at 19.95. Mid-term is 22.19.