Netflix Earnings Tonight, By Order of The Peaky Blinders

Here we are again with Netflix, a leader in the market for years where bears have had multiple chances to roll this thing over one and for all.

However, consistent with the way things have been for those of the ursine mindset, the resilience here is undeniable. 

And if NFLX resolves higher after earnings tonight or at least holds the line, the monthly chart below shows a possible bull consolidation to be coiled for a new leg higher.

Again, chart patterns can and often do morph, which means when bears have potential topping pattern, as they have with NFLX for months on end, they need to strike while the iron is hot or risk trapping themselves. 

The stage is set for some good theater tonight, beyond what is happening in Cleveland this week and Philadelphia next week.