NFLX

Above, NFLX has made a recent series of lower highs/lower lows which= a downtrend. While most of the S&P 500 trades at a P/E (historically) of about 15-16, NFLX is trading at a very rich P/E valuation of 67 trailing and 46 forward. A break on a close below the red trendline will represent a lower low or downtrend. In other words, should selling take hold in NFLX, as it has the last month, this one has a long way to fall.