The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
The bull case is that the Nasdaq has simply been basing under the lower support trendline on that weekly chart, and now we will resume the fierce uptrend. A long setup from a leader like Netflix, seen below on the daily chart, would seem to support this view.
However, the view here is that a split, bifurcated market still cannot be fully embraced until we see more evidence that the many negative underlying divergences are resolving in the bulls’ favor…
Please click here to continue reading
Hi chess, how do you feel about nflx here? Thx
Acting as well as any leader. I’d let it pause probably into next week then stalk another entry long.