#NFLX Bias & Levels Update for Thursday June 30, 2016 by @mocktrade

Tweet #NFLX Bias & Levels Update for Thursday June 30, 2016 by @mocktrade

NFLX bias is now at neutral from bearish due to the breach back in the previous wedge which does give buyers an edge; however until/if first above 92.30 then above the 78.6% Fib at 93.50 NFLX could or may now remain in a sideways pattern until sometime after the July 4th holiday.

In order for NFLX to have a chance at pushing/holding above 93.50 the wedge must now contain otherwise if breaching back out of the wedge to the downside again and then also breaching below the line in sand (LIS) at 87.00 the 82s and 80s-78s zone targets will be back on the on the table.

Ethan Premock Futures & Options Strategist at Hamzei Analytics, LLC 

#NFLX Bias & Levels Update for Tuesday June 28, 2016 by @mocktrade

Tweet #NFLX Bias & Levels Update for Tuesday June 28, 2016 by @mocktrade

As today’s first hour of trading comes to an end NFLX is trying to get back in the wedge which was breached for the first time yesterday. Now if buyers fail to regain 88.95 today’s upside will likely just be a technical relief rally following Brexit.

Buyers will gain an edge if above 88.95 but even if so buyers will still have some work to do to avoid lower highs forming anywhere below last week’s weekly VAH at 91.70. If above 88.95 the possible areas sellers may try to defend and form a lower high are at 90.30-90.55 zone then 91.60-91.70 zone with 92.30 being the line sand (LIS) for sellers. If above 92.30 the 78.6% Fib at 93.50 will become the next upside target.

If the wedge does hold as resistance today/tomorrow and definitely if NFLX pushes back below 87.00 before higher I will then go back to a full bearish bias for a current pre-Brexit Strangle which will now have potential lower targets at 82s then 80s-78s zone.

Ethan Premock Futures & Options Strategist at Hamzei Analytics, LLC 

#NFLX Bias & Levels Update for Thursday June 23, 2016 by @mocktrade

Tweet #NFLX Bias & Levels Update for Thursday June 23, 2016 by @mocktrade

NFLX target at the 78.6% Fib (89.80) achieved yesterday along with also reaching the bottom of the wedge today at 88s, which is likely to now hold ahead of the Brexit vote. If the wedge does not hold or contain and if NFLX sees more selling today 87.95 will become a potential lower target before 86.50-86.15 zone which includes today’s daily support (DS3).

For me NFLX has a ways to go before I can become extremely bullish; the Brexit overall market reaction will definitely have to work in favor for NFLX buyers. If NFLX can at least first get back above the 92s/93s area then above last week’s value area/+95.05 following the Brexit vote I will expect NFLX to then reach the 97s/98s area, otherwise failing to get above 95.05 will equal odds more in favor for NFLX reaching the 80s/79s target in the coming weeks.

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC 

#NFLX Bias & Levels Update for Tuesday June 21, 2016 by @mocktrade

Tweet #NFLX Bias & Levels Update for Tuesday June 21, 2016 by @mocktrade

Over the past couple of weeks I mentioned that if not for the June rate decision being a possible game changer my bias for NFLX was more on the bearish side due to the auction chart favoring a move/breach below the key 92.00 support.

NFLX has now breached below the 92.00 support (and did so today) which I now expect NFLX to continue lower while/if holding below weekly value resistance for the remainder of the week just below 93.50 with 95.15-95.70 zone as the line in sand for sellers.

If above 95.70 either pre or post the Brexit vote I will then look at 98s as a potential upside and very important target for buyers to get through in order for me to fully change to a bullish bias; however for now or until if/then or until/if first above 95.70 my current bearish bias will remain with potential to reach the 78.6% Fib target at 89.80 before the bottom of the wedge at 88.45-87.95 zone, which will be a most hold to avoid a possible NFLX disaster with risk of a move below 80s/79s.

Ethan Premock
Futures & Options Strategist
Hamzei Anlytics, LLC 

#NFLX Bias & Levels for a New Strangle on Thursday June 9, 2016 by @mocktrade

Tweet #NFLX Bias & Levels for a New Strangle on Thursday June 9, 2016 by @mocktrade

Current bias for NFLX is bearish and if not for the June rate hike decision next week I would be looking for a swing Short entry at/near 99.85-100.65 zone which includes weekly value resistance; until back in weekly value/+100.65 odds are in favor for NFLX heading to 94.25 and possibly 93.05-92.35 zone as well. 

Normally trading/holding below weekly value is a no brainier for me to look for Short trade entries but with the June rate decision next week (which will be an absolute game changer for both sides) I am forced to engage in a Strangle strategy rather than a naked Short trade. 

As long as NFLX holds within the 98.60-96.80 range today/tomorrow I will most likely engage in a new NFLX Strangle with a September expiration; very possible for me to do so by day’s end today (June 9^th). If so I will then be looking for a breach above 101s/102s or a breach below 90s/89s following the June FOMC rate decision.   

Ethan PremockFutures & Options Strategist Hamzei Anlytics, LLC 

#NFLX Bias Update and Levels for Wednesday, September 16, 2015

Tweet #NFLX Bias Update and Levels for Wednesday, September 16, 2015

On Monday I was thinking NFLX would remain in more of a sideways pattern between 97s and 93s ahead of the FOMC rate decision but instead NFLX is now on the move above 97s.

On Monday I also mentioned NFLX would have to get and hold above Daily center Sigma at 105s to breach the current downtrend post the FOMC rate decision, which is still case.

In order to now reach Daily center Sigma at 105s NFLX will need to either get above first resistance at 103.20 and/or hold above last week’s value area (VA) +101.30 with 97s as line in sand (LIS) post FOMC tomorrow. If not -3Sigma will become a target at 80s once/if first below the 84.30 support. 

Ethan Premock

Futures & Options Strategist

Hamzei Analytics, LLC

#NFLX Bias Update and Levels for Monday, September 14, 2015

Tweet #NFLX Bias Update and Levels for Monday, September 14, 2015

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