Projected measured move from 2016 low is 2470 and 2009 low is 2485. Unless we get some blow off move from FANG's earnings can't see where a huge extension is anywhere in near future until we get sizable pullback for reloading.
NFLX beat on top line but missed on bottom line yet stock rallies 11% after hours. Wall street in dot com bubble mode again.
%% Good trend/trend$ comment. The cash S&P 500 market went doWn, from friday close 7-14-2017, to to 7-17-17, close; SPY went down 3 cents close to close. Using IBD[ Investors Business daily data ], that's the best the bears could do+ so its would not be a surprize to see the UPtrend, be a friend. Its a bull market; + when SPY crashed some below 50 day moving average , May 17, 172 million shares sell=no follow thru to downside/bear trend..................................................................... Retail stock TGT has bear trended doWn for so long [years] they finally got some upticks LOL; but main trend in TGT is still down.NOT a prediction.