Netflix $NFLX has been in a bearish correction mode since June/July, when price formed a double top below $425. Price has been choppy and bearish, falling to $231.25 by the end of 2018. Price has since rebounded back above $300 a share, but I think there will be critical resistance about 10% higher, around $330-$335. Netflix (NFLX) Daily Chart(click to enlarge) Resistance:- The equities market is in a consolidation mode, although it is rebounding in the short-term.- I think NFLX is also in a short-term rebound and that the consolidation/correction mode is NOT over.- At most, price action might be flattening. And I think it is less likely that price is already in bullish reversal mode. - Based on current market conditions, I think NFLX will find resistance when it approaches the 200-day simple moving average (SMA), which is also around a support/resistance pivot as well as a falling trendline. - These are all coincidental around $330-$335.- If price is in the area and the RSI is above 70, we can anticipate resistance. - From this resistance, there would be downside to the $280 area first. The $270-$280 area is a support area. - Below that price might retest the $230-$240 area for support.