The dashed purple line is the prior trend line that has acted as support if we break that trend line and a close below 262.1 I believe a bear market is officially in action.
Since AMZN has a big influence on the market until this breaks that downward trend line in a big way feeling bearish on the market as well as if you check out my tweet from volume heat map at 1543....dont mess with big volume.
The Weekly Chart has 200 SMA at 236 area in January. Thinking we are going down there now that we broke 268.80
A golden cross looks like it is setting up for NFLX with the 50 SMA about to cross down over the 200 SMA. Watchout below if this happens