TLT update (daily)
TLT is showing some signs of weakness, it's in a falling wedge and below the 200MA. The long term up channel trend is still intact. I have placed 4 support levels in the event of a channel and wedge break. In the near term I it is likely that TLT will hit the top of wedge or esistance. If Fisher stays below mid-point it is likely that TLT will fall rather then rise.
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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.