I've been thinking for the past few months that TLT would rally up to the 100 area. However, that move hasn't materialized and now I think there's a chance of yields rising and bonds falling. Over the past few weeks the chart has morphed more bearish.
It looks like something should set off the bond market this week and cause a lot of volatility in bonds.
I think there's potentially a chance we see the lower supports get hit before we see a relief rally.
Let's see how it plays out.
It looks like something should set off the bond market this week and cause a lot of volatility in bonds.
I think there's potentially a chance we see the lower supports get hit before we see a relief rally.
Let's see how it plays out.
Note
Also once we get to the 101 area, I think you can pretty much just short TLT for the foreseeable future.Note
Bought some $88P for 3/28
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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.