NFLX Follow Up...

This is the last update from yesterday for NFLX where things became a little more clear, NFLX Trade Idea Update.

As far as intraday charts, they look just like the market averages so if NFLX is setting up for an entry (long) and a bounce or counter trend move which looks like it will have much better relative performance than the broad market averages, we are likely VERY close, again though like the averages, accumulation can only be confirmed once we get a pullback.

Take a look at the charts, very much like the market update.

 1 min intraday just like the averages.

2 and 3 min are both leading negative like the averages.

As I said, there's no intraday damage to the 5 min charts and that's why I suspect it will be a constructive pullback (the kind you want to buy that is confirmed by accumulation of the pullback).

I'd guess NFLX would move to yesterday's lows where stops will be placed right under support and we'd see a head fake move to hit those stops just before an upside move.

Since I've made the "bigger picture" case for NFLX so many times, I'll just remind you with this 1 chart...

10 min leading positive, this looks a lot like NFLX is getting ready to make an upside move and the charts above may be giving us near exact timing for that move.