TICK just went negative and broke the intraday trend, NFLX is negative on the intraday charts and migrating at an increased rate of change, with deep leading negative divergences.
I don't think the overall broad market is going to be supportive much longer as TICK just broke the trend.
I may consider a Put/Fade trade for one of the major averages, for now U'm going with NFLX.
5 years ago
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