ARE AIRLINES WARNING US OF WHATS TO COME?Here is a simple comparison of airlines in two major events. 9/11 vs Covid.
It may surprise you to know that we are seeing the exact same pattern we
saw after 9/11. We can argue if the impact of covid had the same impact
as the aftermath of 9/11. if the industry is even the same as it was back
the
Airline Index - Momentum short tradeAs it says on the chart, the stop loss should be very tight because this is a bet on momentum. Because this is the first lower low, there are chances for an over extended move down. This was one of the worst hit sector today.
This is not a trade that's worth a big risk.
Weekly doesn't say much, on
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