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OptionsRising
Nov 15, 2022 5:55 PM

$BA can pull back into red box, 172-160 Short

Boeing Company (The)NYSE

Description

There are 2 inside bar candles and today is a third for now, though it looks like we may break lower before close. If not, stock may gap down tomorrow and open near 172 or lower.

Notice the directional movement index - gold line - is extremely elevated, over 80. As green line comes back down below 40 I am looking for buyer exhaustion to yield to selling, which supports a pullback.
Comments
simtrader19a
OptionsRising
@simtrader19a, Thanks for sharing. Like the symmetry between ideas
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