Boeing - Cup and Handle
The overall market continues to digest an increasing rate environment. The S&P retraced to the Golden Mean and quickly reversed into a choppy zone, driven by the surprise jobs increase. The CPI /PPI for January is up next. This is creating the Super Bowl of Bond Yields as the 10Y has been making bull moves toward the .214 Target, above 2.0%, of the Weekly iH&S break-out. Boeing is showing a reversal pattern with a Cup and Handle , confirmation would include a break and a back-test of the handle with volume .
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