Lately BA has been the King of descending triangles. You can spot 3 of them and it's been breaking out. That last small one is actually a retracement to the second one's breakout. BA has solid resistance at $190 and support at $170 only today it seems to have penetrated support. I can't help but wonder if BA's beta is responsible. It has a great start this morning which i made a 43% profit on selling a call and thankfully i did because i really didn't think this was suppose to drop as much as it did. My entry points are: $180 for a long position, $165 for a short position. Odds are the market will continue to decline, along with the oscillators, so most likely i'll be shorting tomorrow for a quick day trade (i do get 5 lol).
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