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

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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

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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