United Airlines shows a potential rally towards $97 in the coming weeks, but this is expected to be a selling opportunity before a continued decline into August.
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The Airlines Disaster - Sending a Warning About the Stock Market
The creator analyzes the airline sector using cycle analysis, focusing on the JETS ETF and individual stocks like American Airlines, Delta, Southwest, and United. The analysis suggests a potential short-term bounce in the next few weeks, but warns that these rallies are likely to fail, leading to further downside into July-August, indicating a negative outlook for the broader stock market.
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Southwest Airlines, like other airlines, is expected to see a rally followed by a sell-off into July-August, though it appears slightly weaker than Delta.
Delta Airlines is showing a similar pattern to the JETS ETF, with a potential bounce expected to reach $63-$66 before continuing its decline into the summer period.
The JETS ETF shows a negative outlook with a potential for a failed rally into July-August, indicating further downside for the airline sector and the broader market.