Technically Speaking
Two levels of support are coming up, 132.50, 127.50.
If the latter does not hold, it is a pretty steep slide to the next level of demand at 120.
I believe the better the better R/R would be to wait for a test of the 127.50, stopping out under 125.00.
Remember, we as traders do not have to swing at every pitch. We are looking for mis-priced bets, so it pays to be patient.
Fundamentals
TLT is an ETF. Even though I lean technical, I think it is important to know what you are trading or investing in. Here is a link to the TLT page: ishares.com/us/products/239454/ishares-20-year-treasury-bond-etf
Two levels of support are coming up, 132.50, 127.50.
If the latter does not hold, it is a pretty steep slide to the next level of demand at 120.
I believe the better the better R/R would be to wait for a test of the 127.50, stopping out under 125.00.
Remember, we as traders do not have to swing at every pitch. We are looking for mis-priced bets, so it pays to be patient.
Fundamentals
TLT is an ETF. Even though I lean technical, I think it is important to know what you are trading or investing in. Here is a link to the TLT page: ishares.com/us/products/239454/ishares-20-year-treasury-bond-etf
Related publications
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.
Related publications
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.