One of the things I like about our SocialTrade product is how it introduces new ideas that I wasn’t considering. Last night, someone here posted a Netflix chart with its head & shoulders pattern, and I was surprised at myself for missing it. This is a beauty!
The longer-term view reveals not only the opportunity for lower prices but also the risk of NFLX busting its ascending channel.
I have tethered my wrists behind me so as not to absolutely pour cash into my trading account, because I am bug-eyed at how many opportunities there are right now. Instead, I’m content myself with being totally broke (from a buying power perspective) and letting my existing positions do what they are doing.
The market has changed, no doubt. This morning, when we went from ALL green futures to ALL red futures in the span of minutes, is just one illustration of that.
