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

FB – Needs to hold support at 115 or it could be staring at a C wave back to as low as 102-105..that would mean the entire zigzag from 133 hasn’t completed yet.

AMZN – W2 support is at 750, and if that breaks it may have to retest A wave support at 735

NFLX – [ms-protect-content id=”61,117,1559″] Nearly broke the 3 month high, and it’s holding up in the face of today’s correction..still could see 133+ in a Wave 3

GOOGL – Worst case scenario is an ABC back to 790-795 in a full zigzag after an impulse W1 [/ms-protect-content]