Netflix reports earnings on October 20th after a punishing 15 months. The stock has fallen nearly 50% from its 2025 highs and recently traded as low as $66 a share, where buyers have repeatedly stepped in to defend the level. Jim Iuorio of JI Financial Strategies breaks down the technical support at $66, the valuation reset from 54 times to 19 times forward earnings, and why Netflix is the first major U.S. mega-cap growth company to report this season, putting it squarely in the spotlight for technology investors. For retail traders: what to watch in advertising revenue, forward guidance, viewing hours and the conference call.