NFLX Support, then Short
NFLX
H&S forming or has formed depending on your point of view. I think we can see a bounce or BTFD! Especially because we are currently on the 200ma. This is not mandatory if the market really shows more panic and weakness we will get no bounce. Again playing the odds. Tomorrow is crucial to see support kick in, and can even squeeze a quick 9-10% return before going short.
Current Market Environment:
- Fed is going to reduce the balance sheet
- Hike in interest rates,
- EPS is slowing,
- Overall economic GDP is decelerating.
H&S forming or has formed depending on your point of view. I think we can see a bounce or BTFD! Especially because we are currently on the 200ma. This is not mandatory if the market really shows more panic and weakness we will get no bounce. Again playing the odds. Tomorrow is crucial to see support kick in, and can even squeeze a quick 9-10% return before going short.
Current Market Environment:
- Fed is going to reduce the balance sheet
- Hike in interest rates,
- EPS is slowing,
- Overall economic GDP is decelerating.
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