NFLX offers an objective long entry here at key support, my “Golden Shorting Line” where we shorted NFLX on 5 different occasions from 2018-2020. That former resistance should now act as support unless the broad markets completely melts down in the coming weeks (which is certainly a possibility so stops are not an option). NFLX could also be taken long as a partial hedge to index shorts. Max. bounce target zone of 455-467 although best to set a 6-10% trailing stop & let it ride for the time being. Daily & weekly charts below.
NFLX daily Jan 21st
NFLX weekly Jan 21st
On a related note, /NQ is just about to hit my “If the dam breaks & things get ugly” target (14424) that’s been highlighted on the 120-minute chart for the past month or two. I just got back to my desk so I’ll follow up with that chart or a video asap.