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NFLX has Negative Impact on Nasdaq

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock market indices had a very intriguing day today with the Nasdaq 100 under pressure from Netflix, Inc. (NFLX) dropping 14 points on bad earnings. The day started out with a surge to the upside on the Nasdaq 100, and then it came down hard, while the S&P 500 actually rallied. They both rolled over midday, reaching their session lows around noon, rallied in the afternoon, pulled back midafternoon, tried to get through the highs, but was unsuccessful, and backed off just a little bit

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