03/03/2014 – Netflix

Netflix (stock) previous update:

1. Netflix is in a powerful ongoing advance. Any further test/attempt and daily close below $459.00 will indicate a multi-day decline and test/attempt at $445.20, then $438.20 (or lower).

2. The above setup is not intended to be traded. It is an indication which we will merely follow, for now.

Latest update:

1. After the Feb. 25 update (previous update) Netflix moved lower and completed both the $445.20 initial and $438.20 final downside targets (yesterday’s March 3 session low, $438.10).

2. Netflix is moving higher off the $438.20 downside target completion. Will message any further entry or indication as the market confirms.

David Williams