Spread is above the $59 resistance, above the 100 SMA, above the 50 ema and above some gaps and strong candles.
If you're playing it with shares or options, it's at the "do or die" roll over location right now... along with the market. If bears are thirsty, this is the place they need to drink.
This spread is above the ATH. ATH break outs have been horrendous the last 18 months really. I will not even worry about spread unless NOC closes above the pink trendline of the trianlgeish pattern.
ALSO, one could consider a condor on NOC. 100/200 SMA on the daily is acting as nice support. 170/165?
