$LUV fell at the opening today with a weak market but also due to posting a double miss from their earnings report.
Took a big hit at the opening but managing to hold on the 0.618 Fib in intraday trading.
I would expect this to struggle on this support.
Oil prices and Boeing delayed issues are to blame for the decline it seems.
0.78 Fib at $24 could offer support and complete Wave C as Southwest enters the busy season for airlines.