NFLX - Time To Buy The Bounce

Looks like its a good time to buy NFLX with NDX having a strong bounce and NFLX recording its lowest weekly RSI reading ever and printing a first bullish candle on the daily since the second gap down.

Stop loss below the low.

Good chance that second gap gets a repair and fills I think.

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Exited immediately due to SPX shakeout reversal. Will assess again as things develop.

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NSXUSD holding fine overnight and there is an up gap to fill in NDX, also DXY appears to be topping so this call should be fine as described.

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I didnt re-enter and went short SPX. I'm still at the learning stage where I can be changing my mind a lot at the critical moment as PA develops so do check in on my index threads if of interest. I mostly chart SPX but I will chart NDX more in future in consideration of tech calls, however they do move similarly most of the time but with differing volatility.

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Press play and see the daily engulfing candle thwarting the bullish case. This is not a buy as NDX is now very bearish again.