People thought I was crazy couple of weeks ago when I mentioned that NFLX was setting up to the downside, but my theory isn't all that bad now though.
Support being tested at the 50-day moving average in which if that fails $271 comes into play. If tested, I think $271 could be a great bounce area for the stock.
If that doesn't happen the support levels of $250 and then $203 still stand.
Here's the technical analysis of NFLX: