NFLX - Time To Buy The Bounce

28 Nis 2022

Looks like its a good time to buy NFLX with NDX having a strong bounce and NFLX recording its lowest weekly RSI reading ever and printing a first bullish candle on the daily since the second gap down.

Stop loss below the low.

Good chance that second gap gets a repair and fills I think.

28 Nis 2022

Yorum

Exited immediately due to SPX shakeout reversal. Will assess again as things develop.

29 Nis 2022

Yorum

NSXUSD holding fine overnight and there is an up gap to fill in NDX, also DXY appears to be topping so this call should be fine as described.

30 Nis 2022

Yorum

I didnt re-enter and went short SPX. I'm still at the learning stage where I can be changing my mind a lot at the critical moment as PA develops so do check in on my index threads if of interest. I mostly chart SPX but I will chart NDX more in future in consideration of tech calls, however they do move similarly most of the time but with differing volatility.

30 Nis 2022

Yorum

Press play and see the daily engulfing candle thwarting the bullish case. This is not a buy as NDX is now very bearish again.