Premium Preview: $NFLX Lacking In Box Office

$NFLX Day chart shows price is inside its GRZ (Golden Ratio Zone aka the area between 38.2% and 61.8% Fibs) so either above 99.65 or below 78.88 are going to be the initial key levels to break and hold beyond.

2016-05-02_NFLX D HT

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Currently there's a downside pull but due to expansion and HSI trigger, the implication is a stall or bounce into resistance.

The cyan colored emerging Gartley increases in playing out with a break down of 79.95.  This PRZ will offer the buyers an opportunity to step in and it could be a "yikes" if they don't.

But a hold above 79.95 but more important above 99.65 increases the probability of retesting at least 111.85 then perhaps 133.27.

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