TLT Bear Flag?

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I’ve been watching TLT for signs of weakness and to hint of another move higher in equities. It looks like we are getting a breakdown from a possible bear flag today in the name. Watch for the 200 day to provide support, as well as the 110 area, as it has bounced there previously. Note, however, that the more times this 110 support is probed, the more vulnerable it becomes. The first time in this area, it bounced hard. The second time, a weak, 4 day process. I don’t think it will hold up this time.

One Response to “TLT Bear Flag?”

  1. Another note — TLT and bonds ran very hard from the mid 90s to 105ish… it has the potential to turn into a trap door and fall through pretty quickly

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