PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

March 16th, 2015: NFLX and TSLA Wave Count Updated

Posted by pugsma on March 16, 2015

5:50 pm EST:  Both NFLX and TSLA look like their respective moves up have topped and are set-up for long-term (1-year +) down trend.   NFLX topped at 186.50 and should correct down to about 251 in a 50% retract for Cycle 2.   TLSA topped at 291.41 and looks like it completed a leading diagonal for major [A]-P2 at 185.00 and is now in a major [B]-P2 bounce to a 50% retrace to 238.21 before a larger major [C]-P2 correction down to the 62% retrace at 121.28.   NFLX and TSLA will be likely remain in a down trend while the SP-500 completes its Cycle 2 wave lower over the next year or two.

NFLX weekly chart (EOD):

PUG NFLX weekly chartEOD 3-16-15

TSLA weekly chart (EOD):

TSLA weekly chart EOD 3-16-15

Sorry, the comment form is closed at this time.

 
%d bloggers like this: