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

NFLX – On the 3 month chart of NFLX, one simple break of 127 to the upside would setup an upward 3..a big one..highest target could be 175-180 by next year

AMZN – AMZN needs to hold support at 735-740..if that level doesn’t hold worst case is a full C wave to test the 700 range

FB – [ms-protect-content id=”61,117,1559″] If FB closes below 114-115 it would setup a C wave to as low as 98-102..looks like it’s struggling to complete a huge ABC zigzag

GOOGL – Worst case short term for GOOGL is a W2 zigzag back to 790..it’s chart is better than AMZN And FB however as it’s broken out of a zigzag already [/ms-protect-content]