The NFLX (Netflix Inc) active short swing trade is currently poised to gap to just below the 383.81 R level which is likely to contain any bounce. At this time, I don’t see anything in the charts that would convince me to modify the trading plan. The previous daily chart as well as the daily chart reflective of yesterday’s closing price, are shown below:

Today’s earnings-induced bounce should bring us back to around the entry point, with the trade coming within 2% of hitting the first target last week. The trade parameters, which can be viewed in the original post by clicking on the NFLX symbol tag located below this post, remain the same for now, with a maximum suggested stop on any move above 415.70.

I would also add that this bounce back to the 383.80ish resistance once again appears to provide another objective shorting opportunity or add-on to a current position with the appropriate stops in place above.