The longer Boeing consolidates the more upward potential I think it has as it continues to lag behind in its sector. I would like to see it hold above 210 as I think we are nesting inside the beginning of a larger wave (5).
Large institutions will want Boeing on their Q4 balance sheets as it makes its move.
If EVFM holds above .77, wave (2) has been put in and we should see a positive move to the upside. Wave (5) could be put in around 1.35 - 1.45 to fill the gap before a cycle (1) is completed and a sharp selloff to the downside starts. Seeing a potential inverse head and shoulders that started in the middle of May.
Possible A-E wave that started w/ a low to high so expecting a finish of a low to a high out of the triangle. Do not see very many of these and have little experience. 3-6 month RSI low
Continue to see uptrend through Feb 18th earnings. Pullback after + earnings report (we have seen a pullback the past 4 earnings). Recovery back to trendline following wave 4 low.
