BA (Boing) technical outlook - market update

The Boing weekly chart looks as bad as all the others - it's getting boring to hear that all the time, even annoying, but that's how things look. We are in another triangle pattern after dropping of the earlier one with a gap. BA needs to drop below 40 and worst case another $10 to the downside. At least 3 weaker weekly closes below 40 are required.

Market remains weak but still a moderate volume. Financials all across the board are the drag and the oil sector. The $70 did not hold up as support but is primarily linked to the development of the Dollar and the Euro dropped easily below 1.30 and has still 2 days to drop at least. Hence, my ultimate target at 1.22 could even be reached in this leg next support at 1.26, as long as the Dollar rises commodities fall and, with it, the market.