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ISquared2
Mar 27, 2020 10:21 PM

Boeing Short - Head and Shoulders Short

Boeing Company (The)NYSE

Description

After looking at the major market indices, I am suspecting continued selling on Monday. This is a short-term trade going off the 15min chart.

Keep the stop tight!

Comment

Taking profit.
Comments
Carl_Sagan_Cosmos
Nice play. Do you see further downside from here?
ISquared2
@Carl_Sagan_Cosmos, I see further downside risk for the entire market. I don't think the stimulus will be very effective and air travel demand will struggle through 2020. I am not long or short currently. Just waiting for another set-up.
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