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

FB – FB is dangerously close to the 114 breakdown level, but it’s happening on what appears to be 5 waves down…so it may bounce here, but a close below 114 would setup a move to the 105-108 range

AMZN – AMZN needs to hold 750 or it may test A wave support at 740

NFLX – [ms-protect-content id=”61,117,1559″] NFLX appears to be near completion of 5 waves down into a 618 reversal here, and despite the carnage has held up reasonably well

GOOGL – ABC zigzag support sits at 790 and it dropped to and barely held it today..that would ABC W2 before W3 if it holds here and rallies [/ms-protect-content]