Member
Posted 16 October 2016 - 05:15 AM
Bond bears may finally have it their way, at least the next few months. Looking at the weekly chart, TLT has been closely mimicking the sell-off in 2015, and by breaking the swing point from September, it is another validation of the pattern. If the pattern continues to play out, we will chop lower towards 50WMA and would ultimately punch through it.
Member
Posted 16 October 2016 - 05:54 AM
Bond bears may finally have it their way, at least the next few months. Looking at the weekly chart, TLT has been closely mimicking the sell-off in 2015, and by breaking the swing point from September, it is another validation of the pattern. If the pattern continues to play out, we will chop lower towards 50WMA and would ultimately punch through it.
Nice chart.
