$NFLX continues to follow the fate of many of the Mega Caps now and is moving down with $META in a similar move post earnings.
I believe there is still another leg down to complete Wave A, which could complete close to the 200 Day MA, this is likely to be confirmed once the 0.236 Fib is lost.
Remember $NFLX also had a great earnings but the market is pulling back for a multitude of reasons, so we are getting an opportunity to buy strong companies at a much cheaper price very soon.
Lucho
2024-05-29 18:06:36 +0000 UTC