10/31/16 Elliott Wave Look At F.A.N.G. – $FB $AMZN $NFLX $GOOGL

FB – FB cleared 786 of the C wave last Friday but failed to take out 133 on the gap down this morning..if it takes out 133 it would setup a Wave 3 to 135-137

AMZN – AMZN on the intraday rally appears to have a 4th wave forming..this could be the end of the downward 3 before a 5th wave down and much bigger reversal.

NFLX – [ms-protect-content id=”61,117,1559″] Zigzag would target 124-125 to the downside on this corrective wave, but it’s held up the best out of all the FANG stocks.. 133 breakout is still possible.

GOOGL – could have 5 waves down and a 618 reversal back to 828 if it completes today..[/ms-protect-content]