- Netflix daily shows an Ascending channel. If bullishness sustain price likely to hit 149 plus levels to reach channel Top.
- 20 SMA is positioned bullishly above 50 Day SMA. For bears need to close daily time frame below 142 levels.
- Staying above the cloud will keep the bullish trend intact.
-->
- Netflix Month chart shows price violating another resistance zone.
- NFLX Bulls need price to close the Day and Week above 133.50 plus levels.
- 15 Minutes cloud is the immediate support for this bullish move. Below the cloud Weakness starts.
- ES Analysis before opening bell
-->
- Netflix having broken its 50 Day Moving average is moving towards its 200 Day Moving average.
- Price is also showing an important trend line break in weekly chart.
- 200 DMA is around 222, Weekly line chart is showing support between 228 - 235 levels.
- Stochastic indicator is showing oversold readings, But price has not shown any reversal sign yet.
- If stochastic line stays below 20% line one can stay short. Since Stock is oversold one should look for bullish reversal candlestick patterns or break and close above 20 day moving average to go long.
- S&P 500 ANALYSIS AFTER CLOSING BELL
