Sideways trading channel of price action with RVI in the mid-range as well. Volume starting to drop down as we start to enter earnings week. More investors will start to reduce their exposure to risk this week.
Honeywell is expanding their drone technology services. Growing their satellite network and increasing the services which they provided geared towards drones.
As volatility continues to drop the movement of Boeing has been less dramatic over time and we are entering this sideways bottleneck between supply and demand of the current levels.
Breaking out of this zone will be key to confirm a change in direction from this sideways channel. Failure to break above will signal a potential continuation of the sideway channel...
