There is a classic cup and handle pattern in the chart of the S&P 500 says Instinet's Frank Cappelleri. He sees upside in the 10-Year Treasury Index (TNX) chart, to 2.25. The chart of the S&P Energy ETF (XLE) has been zig zagging in an upward channel for about a year and a half, he explains. He discusses bitcoin's (/BTC) latest bounce and its correlation the the 10-year yield.
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