$LUV
Added 2023-08-15 17:13:41 +0000 UTCPulled back to $32.86 today and the 0.65 Fib is at $32.85, so behaving very well here, in spite of a lot of red and uncertainty.
What I like the most about $LUV is how it has held above the trend line and Wave 2 has so far pulled back to the white Fib at 0.65.
This is two strong support lines and in line with what we expect.
It needs the right settings in the market now to start its move to Wave 3.....can it move sideways until this happens? very much so and that is also a good sign.
Comments
Perhaps in September we will get some uptrend after market corrects... Got Dec$35s so I got time.
Steve Suric
2023-08-15 20:20:24 +0000 UTCWell it held $33s for most of the day and closed at $33.12 so that's good.
Steve Suric
2023-08-15 20:16:22 +0000 UTC
