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

FB – It looks like FB is getting the 5th down in the C wave, but in order to prevent a much bigger downward C that would test as low as 100-105 it would need to hold support at 113-114

AMZN – If AMZN closes above 782 that would prevent a much bigger C wave down and setup a test of B wave resistance at 792

NFLX – [ms-protect-content id=”61,117,1559″] NFLX broke the top of the W1 yesterday setting up a bigger W3..highest target on a W3 could be 150-160 on this breakout(!)

GOOGL – GOOGL has nearly completed an ABC sideways flat and a break of 820 would setup an upward 3 [/ms-protect-content]