Boeing - non-consensus long (similar to oil). Sector rotation...
People think wave 2 is coming then oil and Boeing must go down. Market works against consensus. Pay attention to price. Price says up. 213 is my target.
I am long BA 200 calls (short dated)
I am long BA 200 calls (short dated)
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I am adding here at 181. Important that the lows do not exceed ~179.xx and it gets scooped up before the end of today. We do not want to see a weak close under 180ish
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Final layer added
Trade closed: stop reached
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Since my stop at 179 I've been watching BA closely to get back long.
The blue region in the image below is a very attractive spot to get long *if* it gets there. If price gets to that zone, I'll publish a new chart on what I'm seeing that makes that a high conviction reversal.
The blue region in the image below is a very attractive spot to get long *if* it gets there. If price gets to that zone, I'll publish a new chart on what I'm seeing that makes that a high conviction reversal.
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Back long at 174.80
stop at 167
stop at 167
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The more this price action develops the more bullish I get. Still long from 174.80 (I am long the July 31st 180 calls).
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Still very resilient on a day like today...
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I like the long from this zone
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moving along
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Gorgeous move.
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and it keeps going..