sosgoodlfc

sosgoodlfc Updated 

Eyes on this for a reversal

sosgoodlfc

Keeping an eye on the Russell for a possible break of the previous high.

sosgoodlfc

After a sell prior to earnings is NFLX starting to find some support. Fib level could be key as we head into a potential consolidation.

sosgoodlfc

Surely it would't come all this way not to fill the gap. Personally I think we could be going to all time highs before we start to see real weakness again.

sosgoodlfc

Definitely wouldn't go crazy with this but you could use a small amount to hedge any longs. It is at support but if it breaks expect it to fill the gap at which point I'd be a little more interested.

sosgoodlfc

Mini triangle broken, for the short/mid term this could be a good hedge for any longs you may have in equities.

sosgoodlfc

Whilst this looks stretched the trend remains in tact. I think earning has halted the momentum of a lot of tech and caused a lot consolidation triangles across most tech equities. I'm biased towards a buy but I'm waiting for a break. Earnings late (Could there be a possible extra run up prior?). First target 450, then 500 (Just picking out rounded psychological numbers)

sosgoodlfc

Might take a nibble

sosgoodlfc

Looking at the shaded areas I'll be bracket ordering to take advantage of either way with a stop loss just below/above the point of the triangle.