I really hope this fractal doesn't play out on netflix..
We are seeing some early signs of bearish sentiment ... I have said multiple times in the past if we get some type of correction in stocks it will be because of overvalued tech stocks such as google amazon Netflix nvidia and many others..
I am not trying to call a top here! we still need to make more lower lows to confirm the trend but we are getting early signs of bad structure similar to the way the internet bubble was topping out .
the spx could have a trend line failure and do a ABC or go for more legs up so we are just watching those levels
But yeah I don't want this to happen cause it would mean lots of people loose money but also I feel I need to post warnings to watch for lower low patterns and more weakness so you don't get exposed to a 40% drop or something crazy like that.
remember there are lots of kids Netflix and chilling these days but you can also still use torrents and hulu
Stay safe and stay profitable out there.
I am not trying to call a top here! we still need to make more lower lows to confirm the trend but we are getting early signs of bad structure similar to the way the internet bubble was topping out .
the spx could have a trend line failure and do a ABC or go for more legs up so we are just watching those levels
But yeah I don't want this to happen cause it would mean lots of people loose money but also I feel I need to post warnings to watch for lower low patterns and more weakness so you don't get exposed to a 40% drop or something crazy like that.
remember there are lots of kids Netflix and chilling these days but you can also still use torrents and hulu
Stay safe and stay profitable out there.
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Watching the waves