Hubert Senters here.
Let’s take a look at Netflix. One of the main causes that the media said that we sold out today. Look half the time. Actually more than half the time they don’t know. I would say 90 percent of the market that’s what’s going to do. Why did that happen? Like causation and correlation.
Like the market’s going to move around and they try to figure out why it is, that makes sense so to say that’s why with you. Anyway, Netflix has been below the cloud here. Had a nice little sell off, touch, kiss and lower, kiss and lower. Now, it’s broken below the turning and the standard line which implies that it probably wants to go to $320 or $300 as it goes down here to the support area.
So if you are long Netflix depending on where you’re from long or short make sure you got to stop-loss on that bad boy and know that it’s probably going to drop to $315 and maybe even $300.
Good luck. Hope it helps. I’ll see you on the next video.
Hubert.
