News of Jack Ma/NFLX meeting sent it above the psychological magnetic level of $600 in pre-market, op-ex pin related news or not, the charts are what I'm interested in.
Any new divergence such as selling in to a gap up like this will start of the fastest timeframe chart and as it builds strength it will migrate out to longer timeframes.
So these initial charts are interesting as it seems someone is not so convinced about the China news.
The initial opening confirmation gave way to a relative negative divergence that has sent NFLX trading laterally since which has led to a stronger leading negative divergence which are commonly seen at flat ranges like we have seen since about 11 a.m.
The initial migration signal has made it to the next longest timeframe 2m leading negative.
I'll continue to watch to see if this divergence continues to strengthen.
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