Whilst the broader market closed significantly higher, there was significant weakness in Netflix (NFLX), which settled -3.4% @ $94.88, the worse level in a month. Relative to the main market, NFLX is really struggling. First big support is the 85-83 zone. If that fails, the $70 threshold.
The story that spooked the market... see here: Forbes
From a pure price perspective, NFLX is in trouble. The psy' level of $100 is powerful resistance, as especially seen on the bigger monthly chart.
Indeed, price structure could be argued is just a giant bear flag, that stretches back to the Feb' low of $79.95. Under that... its empty air all the way to around $50, which is a rather important level.
Yours truly is one of the biggest fans of NFLX shows - not least the various Marvel related ones like Jessica Jones or Daredevil. Yet, on a pure valuation basis, NFLX would still appear somewhat pricey at $50, and that is barely half of the current valuation.