In my ongoing analysis of the weekly bearish rising wedge in TLT dating back to 2011, Treasuries are finally cracking and are in danger of taking out their September lows. With $122.50 out of the way, bond bears are looking to now attack a weekly close below $118. True, bonds are oversold short-term, but I am looking at this from a larger timeframe. Should that $118 level break decisively, I would look to short rallies.
________________________
If you enjoy the content at iBankCoin, please follow us on Twitter
Ooooh..
we must have been pressing the enter button at the same time.