NFLX Reinforces Potential for August 26/27 Low in Stocks; Projects Rally into ????
08/28/19 Weekly Re-Lay Alert – NFLX & Range-Trading Targets: “The Aug. 30 close (and price action leading into that) has many reasons to be decisive. The weekly trend pattern is a primary one.
Another is the daily 21 MAC. After Aug. 30, the inversely-correlated daily 21 MARC will plunge during the first week of Sept. That ushers in a prime opportunity for the daily 21 MAC to turn up – and support corresponding price action…
And this is where NFLX could play another leading role. If it signals a reversal higher in the coming days, with a daily close above xxx.0, it would likely spur a rebound back to ~xxx.0 (range-trading target) and into a convergence of daily and weekly cycles – most synergistic on Sept. xx – xx.”
NFLX reinforcing likelihood for rally in stocks after Aug. 26/27 cycle low. Identifies likely time for next intermediate peak. How far could stocks rally? When is next intermediate peak expected??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.