$Netflix(NFLX)$ volume is drying up, day by day, as you can easily witness. Reason is, as stated many times already (and I say it, I think, with a certain degree of prowess, given the fact that I've hit it big last three months) because MMs are finding harder and harder to match their selling pressure (but they hold just a few million shares by now) with the current inflow of buyers.
Still they will get rid of those last few million shares in the next few days, and they know Fed tomorrow won't help them (it's too early for a pivot, or even a hint of a dovish stance going forward). Then you know all those good news which propped this up here are already out. Selling will have to accelerate at some point, and I won't consider it unusual to watch NFLX retrace towards $240/$230 (starting this week and probably finishing up the job next week) and closing the gap (not that I'm particularly fond of charts, but because it makes sense, and MMs in here always went for it, b4 any chance of moving higher)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
[Strong]