NFLX has had a bearish break, but it is still above key horizontal support and has a descending pattern here that could lead to a breakout. All eyes on NFLX after the bell, it will likely move NQ unless it ends up flat itself. Should be interesting.
If it does break below the $634 area I think it could see a lot more downside instead, could go either way.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.