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We start off doing top down analysis on NFLX. Using the daily we establish support and resistance before driving down into a shorter time frame. This is a great example of a rubber band testing previous resistance now turned support.
We do the same type of analysis on SPY drilling down from the daily time frame into shorter, more friendly, day trading time frames. With a few gaps in the chart, ClayTrader identifies important levels of support and resistance to watch for in the future. A triangle formation also appears on the shorter time frames.