1.04.17 Elliott Wave Updates For F.A.N.G. – $FB $AMZN $NFLX $GOOGL

FB – FB barely scraped the bottom of the A wave near 114 and reversed..could have started a big C..but the reversal today looks like a 1-2-3 and best case short term is a move back to 121-122

AMZN – AMZN may have completed 5 waves down but needs to rally much stronger here… a .618 reversal after 5 waves down would target 765-767 from here

NFLX – [ms-protect-content id=”61,117,1559″] NFLX broke 1.00 of the entire corrective wave and looks headed for 132-133 short term

GOOGL – A break of 815 would setup a W3 to the 828-830 range if it gets a 1-2-3 [/ms-protect-content]