My assumption for NFLX today was for it to test its SMA200at around 332.50. Hence I wanted to buy a dip at the Open and had Support of previous days highs at 316.75 and SMA100 falling roughly at 317.50.
When NFLX dipped down as expected and bounced off of 317.50 I took a starter but the spreads were wide and I got a bad fill above 318. I took a partial when it rejected VWAP and sold some more into a spike above VWAP. It was very erratic and volatile. Without direction. Took it off. Good call.
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