One of my favorite longer-term short setups right now would be NFLX. This chart pretty much speaks for itself and I do have some thoughts on the company from a fundamental perspective. I started to put those thoughts down but realized that I might take a while and so I’ll have to follow-up when the time permits.
I have a substantial amount of potential new trade ideas to share and since I believe that the odds for a sharp sell-off in the market is quite elevated at this time, I’m just going to focus an adding new trade setups and doing my best to follow-up on the setups and active trades already posted on the site. NFLX will trigger a short entry on a break below this large bearish rising wedge pattern. T1 (first target) is 179.55 with T2, my preferred swing target, at 145.90. Stops TBD upon entry. Daily chart shown here.