Most of the recent “post gap” rally on NFLX has already been faded. I believe a partial (down to the 167.50 area) or full (164 area) backfill of the gap is likely. As of now the stock is backtesting the upper channel trendline which could act as support but bearish if taken out. Not an official trade idea, at least not at this time. Watching to see how Netflix acts here as well as whether or not the AAPL induced gap in the $NDX today is built upon or faded.
NFLX daily August 2nd