Airlines have been a great sector to trade over the past year, and I’ve done a handful of posts.
I’m intrigued by this move in DAL 0.00%↑ following earnings this morning. It looks like a distribution candle (something found at the top). I’m only watching for now, but I think next week will provide an opportunity to either enter long, on a move above $67; or enter a short on a fade below $67. It’s sitting on top of the level now, and the open Monday will be important in guiding the direction, at least for the short term.