Healthy pull back today but we can see clearly here that the 200 Day MA is sitting at the 0.38 Fib which would be the perfect place for the price to pull back for Wave 4 before going higher to $6.60 for Wave 5.
I said that $LUV and $DAL are my main airline priorities but I will be watching $JBLU to see if it behaves as expected.
There is potentially 30% on the table here if $5.11 is tested and holds.
Brandon
2024-01-03 18:54:59 +0000 UTC