Something, About To Happen?

With an amazing technical move, Boeing’s earnings release (7/29), effectively closed the gap opened way back in January, of 2024.

Price action reversed from there.

BA, has since gone on to form a terminating wedge.

Boeing BA, Weekly

We have a wedge, ‘throw-over’, gap close , then reversal.

The past week can be considered an upward test of the ‘throw-over’, posting declining volume.

No (short) position yet … but close (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279