The SPY index has pulled again and lately bounced.
My intestine says we’ll hold going increased from right here – however we’ll see.
With that, there’s one robust setup I’m watching.
This firm missed earnings, however the chart is constructing a strong base. There’s additionally a catalyst arising on November 26.
I’m going over the precise commerce in immediately’s video.
Click on the picture beneath to get that commerce.
YOUR ACTION PLAN
Netflix (NFLX) is an fascinating setup. It missed earnings and the inventory has been weak… however I feel there’s room to shut the hole. It’s in a 195-minute squeeze and a pair catalysts are coming.
I’m trying on the chart for a niche shut round $1,240 with the November $1,200 calls.
Click on right here to look at the complete breakdown of this commerce and entry technique.