Expiration for the week continue being positive. We know how overbought indexes are and that has not changed. So won’t post additional comments about current overbought conditions.

$NFLX: Down 12%, will open 3.52% below the projected 1% at 359 shown on daily chart below – $NFLX Daily Chart - SeekingOptionsown

, will likely hit the 20 weekly moving average at 346

$NFLX Weekly Chart - SeekingOptions

and again that’s a 3% deviation from standard fibonacci support at 357. We had observed it was too overbought on internals as to hold any gap up; the path of less resistance was in that regard, down, talking heads will be upgrading and downgrading today, we will observe reset of stochastics since the average of real risk in our macro counts is at 477.  we have went long After hours yesterday and added to our positions..this was posted in our  Chat Room

$FB: In macro terms conditions are not the same for $FB and NFLX, to have an idea for patterns to have some similarity, FB should be at 270 in order to present a significant risk. Stochastics is overbought on $FB

Facebook $FB 240 Minute Chart - SeekingOptions

 standard support should be at 182 and max at 171,  if intended to hit 226 in three waves.

Facebook $FB 240 Minute Chart2 - SeekingOptions

These updates that we send are very important, we take trades based on them and our portfolio is growing.. if you have questions feel free to talk to us.. [email protected] or join our room Chat Room

We sent $AMZN last Friday… will report $AAPL and $NVDA during the day.

Good luck


Our last report from one of our portfolio (LINK)

Again we will give more detailed trade setups and targets,  please check us our  Chat Room..as low as 15 dollars.. check this link for options

Access to the Trade of the Week Click Here


Seeking Options Team – RQLAB Please email us if you want to be part of this group at [email protected]


 


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