NFLX is definitely looking like it is going to need some help from a favorable FOMC rate hike decision especially while trading below last week's value area/-97.45, otherwise the lower targets for NFLX are at 91s, 87s, then -3Sigma target at 78s/77s.
If getting back in value NFLX would then have to make it through and above the other side of value at 101.30 in order to have chance of breaching the current downtrend by getting back above Daily center Sigma at 105s/106s.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC