TLT and 90 day ROC
Using the 90 day ROC on TLT, we can get a picture of where we stand from a time/price movement compared to previous sell-offs of TLT. On the ROC below I've noted the point in the ROC that in the past has either produced a bounce or once broke, produced an additional move lower before setting up a bottom.
Short term 118-118.40 is worth watching to see if support is provided. If so it would set up a nice counter rally possible back towards to the top of the channel. Below 118, moving to the green box and down to longer term support around 114-114.50 is likely scenario.
Short term 118-118.40 is worth watching to see if support is provided. If so it would set up a nice counter rally possible back towards to the top of the channel. Below 118, moving to the green box and down to longer term support around 114-114.50 is likely scenario.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.