Boeing showing some serious signs of strength in these hectic markets, I will ride the wave!
Today was instrumental for Boeing, breaking through three important levels:
Fib retracement from pre-covid highs
Upper bound of downtrend (black line)
Psych zone (purple box)
30min chart to see that buying strength:
My play:
Now that we broke all three zones I will be entering 03/26 240c or 245c as a swing. I will enter 1 contract tomorrow at open and the others on retest of 226/230 levels. My target is around 250-260 if relative strength continues to pick up. Will cut losses below 225