UPDATE 2/23/24: I just taken off this long position and now waiting till close. It’s below the weekly bearish. If closes below, it can go lower harder. 189.00 is monthly bearish and can act as support. But if weekly bear is elected, this can push lower into end of Feb, causing risk for Boeing to elect that 189.00 monthly bearish. I’m Out… and waiting for better setup.
This is a tricky trade and just playing the numbers as the Dow Jones (chart below is at the top of its trend lines). Boeing is a major part of the Dow Jones, so going light on this trade with low risk.
Reason for Trade:
- War coming into 2027
- We are testing week bears (pink 202.4)
- Today is Thurs, Friday close end of week – know right/wrong
- Caution, Dow is at top of trend lines from 2008 (see chart below)
Boeing Chart Below on Daily
Dow Jones Monthly Chart – Caution
- remember BA(Boeing) is part of Dow Jones
- We are at the top of the trend lines…
