Short
Dead Cat Bounce in the TLT
TLT should make a run at the $110.28 - $111.50 range for a shot at heavy resistance in the short term. Watch these levels for they could prove to be the stick that breaks the camels back and send bond prices back down to test its previous low of $106.17. This level is also the top that TLT established in 2008. Break of this long term support in my view could have us testing the psychological level of $100 in the very intermediate term.
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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.