Netflix NFLX it was obvious July 10 where this was going

It was pretty obvious from the Daily MACD divergence on July 10, 2018 that NFLX price action was beyond what the technicals supported.



The second chart clearly shows, based on the slope of the divergence that the price of NFLX should be down to the $380. meanwhile the talking heads were waving about with $500 being where NFLX should be. Really?


An hour before the market closes July 17, 2018 everyone knows what actually happened to NFLX. The chart speaks for itself.