When the channel breaks look out below - for Boeing and the wider market
Massive confluence of resistance in the Xetra Dax just above 11,500 so this would be a great reversal zone for shorts 1. Underside of multi month H+S top neckline (red sloping line) 2. Downtrend resistance line since 2018 (black sloping line) 3. c= 0.618x wave a in a simple 3 leg correction up from the Xmas lows
Equity permabulls desperately clinging to s/t uptrend on NDX....may make one more attempt at 7100 but below 7030 and it should be all she wrote
resistance overhead at 54-55 zone looking for sub 25$ tgt sometime next 12-18 months