The Airlines index is showing not only a complete pattern from its July 2016 low but it might even ending an impulse wave from all the way back to its 2009 low. Regardless what we are ending the airlines are landing and I am not sure when they will take off again. Better be on the sideline.
I say ending but it can be over too. If they still want to move higher that will be on fume. The tank is empty.