Boeing Next Big Move is going to depend on MACD
To keep this short and simple, Boeing will move based on the next MACD candle that gets created on the 4 Hour chart
If the next candle is dark green were going to see BA at $170 by next week
If the next candle is a lighter green we will begin our decent back to $134, then retest support. If it break support were headed straight down to $121/$120 area
i DO NOT think that we will see Boeing go under $121 again unless we have another Leg down and the SPY collapses again
if we do go down to $121 area again go in BIGLY on Calls or shares whatever juices your orange
the bearish trend was just broken by the break in price of $134 and again at $146
TL;DR Long BA to $170 if next candle created on 5/28 is a dark green candle indicating BA is still very bullish. Short BA if next MACD candle is a lighter green on the 4 hour chart indicating a short term bearish trend that will go back down to the $134 price
Note: On average, Boeing bearish leg downs are around $20.
If the next candle is dark green were going to see BA at $170 by next week
If the next candle is a lighter green we will begin our decent back to $134, then retest support. If it break support were headed straight down to $121/$120 area
i DO NOT think that we will see Boeing go under $121 again unless we have another Leg down and the SPY collapses again
if we do go down to $121 area again go in BIGLY on Calls or shares whatever juices your orange
the bearish trend was just broken by the break in price of $134 and again at $146
TL;DR Long BA to $170 if next candle created on 5/28 is a dark green candle indicating BA is still very bullish. Short BA if next MACD candle is a lighter green on the 4 hour chart indicating a short term bearish trend that will go back down to the $134 price
Note: On average, Boeing bearish leg downs are around $20.