Boeing (BA) remains in a well-defined downtrend, with price consistently making lower highs and lower lows while staying below short-term moving averages. However, recent price action shows a short-term bounce attempt, supported by a bullish MACD crossover and rising histogram, suggesting momentum may be shifting in the near term. While this does not yet confirm a full trend reversal, it does increase the likelihood of a relief rally.

Traders should watch for a move into resistance near the declining EMAs, where failed strength could offer another opportunity for downside continuation. For short-term options, this sets up a potential quick upside move, but the broader trend still favors selling into strength unless a more meaningful structural shift develops.

Wishing you the best,

Wendy

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