Boeing's $BA troubles continue to weigh on the its share price. A Saudi airline just cancelled a $6B order for Max 737s. Here's a summary of Boeing's woes from Business Insider:The Saudi airline Flyadeal has canceled an order for up to $6 billion worth of Boeing 737 Max planes as the crisis with the jet continues.Flyadeal announced plans to order up to 50 planes from Airbus' A320neo family, turning to the Max's rival plane in a move that would give it an all-Airbus fleet.Other airlines are demanding compensation from Boeing, whose Max jets remain grounded after two fatal crashes. Customers are also expressing fears about flying on the plane.BA Daily Chart(click to enlarge)Bearish Correction Continues:- Ever since the 737 Max crashes, BA's share price has been pressured.- If held above $365 for a couple of months, but the breakdown of that support suggested further downside.- There was another bullish attempt from the $320-$340 lows, but the rally was rejected at $380 - price action continued to put in lower highs and lower lows.- The current dip found some support around $353 last week, but price is breaking down $350 to start this week (7/8). - This price action reflects a sense that the market wants to avoid BA for the time being until orders start picking up. - I think BA's quality assurance and reputation will take a while to repair, which will be reflected in its share price.- Accordingly, I think there will be further consolidation in 2019, with downside towards the $290-$310 support area, or aroudn $300.