The SPY index has pulled back and recently bounced.
My gut says we’ll keep going higher from here – but we’ll see.
With that, there’s one strong setup I’m watching.
This company missed earnings, but the chart is building a solid base. There’s also a catalyst coming up on November 26.
I go over the exact trade in today’s video.
Click the image below to get that trade.
YOUR ACTION PLAN
Netflix (NFLX) is an interesting setup. It missed earnings and the stock has been weak… but I think there’s room to close the gap. It’s in a 195-minute squeeze and a couple catalysts are coming.
I’m looking at the chart for a gap close around $1,240 with the November $1,200 calls.
Click here to watch the full breakdown of this trade and entry strategy.