NFLX: Expecting a 5%+ HaircutNFLX has risen well above the SMA's and has seemingly topped out at the 906-908 level. This recent high of 902 shows two fib confirmations (retracement and extension) that NFLX will retrace to as low as 932 in the coming week or 2. If the SMA's continue upward after this retracement, I am still bullish. However, if they begin to rollover with a price drop, then further selling will ensue.