10/28/16 Elliott Wave Look at F.A.N.G. – $FB $AMZN $NFLX $GOOGL

AMZN – On earnings the reaction was pretty bad..so bad that it formed a gap down 3, and even a w2 to as low as previous 4 to 750

FB – FB had the breakout this morning but faded hard..worst case is a = c back to the 126 range

NFLX – [ms-protect-content id=”3638,61,117,1559″] Trapped in a sideways 4, but the momentum is still there despite the corrective wave in NASDAQ..133 looks easy

GOOGL – Worst case is A = C back to 800 short term after failing to fully breakout this morning.