Boeing: Week of December 11th
Updated
Bullish /Bearish conditions in the chart.
Tough one next week with the fundamentals, though for actual equities FOMC rate decisions and CPI don't have the same effect on individual tickers as it does on the indices. The reaction generally is more tame and may only derail a ticker momentarily or serve as a catalyst to bring it to where it wants to go.
In terms of the probability, its pretty mixed. Momentum is on the bullish side (with around 73% accuracy on BA) and Neutral probs based on Standard Deviation is on the bearish side (with 75% accuracy).
(This also can signal that we will hit both targets, like we did last week with BA where it went for the lows first then catapulted from PL1 to PH3).
We can see that price accumulation, by standard deviation, actually rests towards the low targets. BA has indeed been straight up but we will see what happens.
At the end of the day, let the PA do the talking. Watch for conditional breaks.
Safe trades everyone!
Tough one next week with the fundamentals, though for actual equities FOMC rate decisions and CPI don't have the same effect on individual tickers as it does on the indices. The reaction generally is more tame and may only derail a ticker momentarily or serve as a catalyst to bring it to where it wants to go.
In terms of the probability, its pretty mixed. Momentum is on the bullish side (with around 73% accuracy on BA) and Neutral probs based on Standard Deviation is on the bearish side (with 75% accuracy).
(This also can signal that we will hit both targets, like we did last week with BA where it went for the lows first then catapulted from PL1 to PH3).
We can see that price accumulation, by standard deviation, actually rests towards the low targets. BA has indeed been straight up but we will see what happens.
At the end of the day, let the PA do the talking. Watch for conditional breaks.
Safe trades everyone!
Note
Jeeze, I haven't updated this idea at all, but I haven't truthfully played BA this week. Been mostly NVDA, AAPl and Qs / NQ1!. If you are wanting to day trade BA tomorrow, here are the levels and conditionals:
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