This earnings season, focus on the relationship between good or bad earnings and if they get rewarded or sold off.
Most importantly, if a company has good earnings, let’s see if they go higher… Such as Netflix #NFLX, who beat estimated earnings on Tuesday, creating a stellar move for Netflix as the S&P 500 (/ES) continued lower.
Be open-minded this week as the market is making large rallies and reversals during Options Expiration (OPEX).
In the video above, we’ll discuss key levels and major zones to watch on /ES. We also break down NFLX levels after earnings.
If you are interested in my strategy check out my most recent webinar on how I’ve scalped consistently in this market.