Distribution in NFLX, Weak Bounce in META, Reset in RIVN
1. $Netflix(NFLX)$
NFLX Smart Money Zone Alert 🚨
Price is dumping into a weekly SMZ+ a 1B share volume shelf. That’s where institutions usually step in.
I’m not buying yet. Monthly BX is still selling off. I’d rather miss the bottom than be early without confirmation.
If this level fails, 80–65 is next.
2. $Meta Platforms, Inc.(META)$
META bounce looks nice, but it’s still not a buy for me.
Monthly BX is dark red, which means sellers are still in control.
When price bounces while Monthly BX looks like this, it usually rolls over again.
I still think there’s a high chance we retest the 600–550 zone one more time.
3. $Rivian Automotive, Inc.(RIVN)$
So far, closing RIVN was the right move.
Now I just want to see if price can pull back into our buy zone again so we can run the same play one more time.
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