sp'60min
Summary
It looks like 1959 was a short term floor, and we're headed higher. There remains moderate chance of a further down wave later this week, but really, odds are against it. Certainly, it would make for an overly risky short-side trade.
We're seeing some buying interest with the hourly cycle now floored...
Just one of the huge reversals of today...
UAL, daily
It doesn't get much clearer than that. UAL looks set for the big $50 later this year, although Delta (DAL) is in far better shape, and less volatile than United.