Wwe recently looked at Netflix $NFLX after it dipped to about $310 a share and formed a bullish engulfing candle. We anticipated a bullish swing after the bullish engulfing candle with $370-$380 insight. This week, the anticipated run has materialized, and price is trading just above $370. Now, we should anticipate resistance.NFLX Daily Chart(click to enlarge)At the crossroad:- While NFLX appears to be in a strong bull run, we have to remember that it has recently shifted from a bullish trend into the consolidation mode. - It may very well still be in consolidation/correction mode. - If so, we should anticipate resistance as price approaches $380. This area inolves the support or neckline fro a previous price top. - Meanwhile, the RSI is around 60. If the market is still in a bearish correction mode, the RSI should hold under and turn down. This would further confirm the fact that NFLX is still in correction mode.- Still, unless price falls back below $360, the current rally is still in effect. But below $360, we should anticipate a slide back towards the $300 mark.