SPY Worst-Case Map & NFLX Caution Signal

PeterDiCarlo
12-11

1. $SPDR S&P 500 ETF Trust(SPY)$

For all the SPY bears 🚨

This would be the worst case "correction" scenario.

Nothing is confirmed. Everything is still bullish.

But this would be the worst I would expect.

No "AI Bubble" popping

2. $Netflix(NFLX)$

Last time NFLX Monthly BX was dark red we sold off 70% in less than a year

I'm NOT saying that will happen now, but this is a clear reason why we don't just "buy the dip."

We need true confirmation of a bottom before burning money

NFLX just tagged the $92.50 Smart Money Zone, right where we expected. 👀

That’s usually a strong spot for a short‑term bounce, but I’m still not taking a position yet.

I want to see the Monthly BX close a higher low first before I even think about going long.

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