Based on the previous uptrend movement that has been made in the previous14 years, it seems that the massive trend has been weakened and due to the breaking the trendline i think it's time to make a sell/short position. maybe befor the big drop we would see a short term of upward trend and this is making a better chance to make a short position.
stoploss of the mentioned position is NOC=483.4$ !
Thanks for putting my attention on this. I totally agree with the sell coming soon. Also, on weekly there was a Head and Shoulder pattern that was completed; this to me on weekly signifies a reversal to the downside. This sell will activate for me once the $430 neckline is breached to the downside and price stays there and not a fakeout. We should see a drop to $384 for my first profit target. Entry on daily or 4HR TF after a pullback. Once again, great analysis and view. Cheers to a great week ahead!