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

FB – Top of the 4 breakout would occur at 122, and FB is closing in on that level..if that breaks in the next couple days it would setup a W3 back over 127

AMZN – AMZN is trapped in a zigzag and lagging, and needs to reverse over the top of the B at 775 to setup a Wave 3

NFLX – [ms-protect-content id=”61,117,1559″] NFLX broke the top of the W1 at 126 setting up a Wave 3 that could exceed 133 in the coming weeks

GOOGL – GOOGL is taking a rest for the first time in a while, but it’s just in a mild ABC flat formation that should easily go back to new 10 day highs