BA - should be ready very very soon
It is possible that wave 2 bottom is already in- but since the corrective move Friday flushed past the 161.8 - that favors it as a 5 wave impulse down - meaning we will get a corrective bounce up - followed by another flush. I still think all dips on BA with time are a buy. Next move wave 3 takes us to 260, but thata move likely will be on the next SPX leg up. Right now SPX is approaching a wave 1 top - that likely is going to be the dagger that knocks BA down for its last leg down.
It is possible that wave 2 bottom is already in- but since the corrective move Friday flushed past the 161.8 - that favors it as a 5 wave impulse down - meaning we will get a corrective bounce up - followed by another flush. I still think all dips on BA with time are a buy. Next move wave 3 takes us to 260, but thata move likely will be on the next SPX leg up. Right now SPX is approaching a wave 1 top - that likely is going to be the dagger that knocks BA down for its last leg down.