If Subwave 1 is in now, we are will be watching for the 0.5 and 0.618 Fib levels at $42.57 and $42.22 for support.
We can see on the 1hr chart that the 50 Day MA is at $42.57, so trying to hold onto this line would be an important confluence level
Failure to hold here and the 0.618 Fib level is next.
$LUV is experiencing the same pull back today, so I expect both of these stocks to follow each other.
Bother are looking strong here.
bastipeng
2023-09-15 16:46:57 +0000 UTC