TLT: As of now, 92.30 (GREEN) is giving the bulls an edge
Updated
It's not been a year to bottom pick TLT. In fact, it's rarely a good idea to bottom pick. However, when a durable S/R Level holds and ideally is re-tested, it creates a situation where buying a low makes sense. And with ones stops very clear, i.e. below 92.30 (GREEN), it's an asymmetric pay-off.
A similar level is seen in 10-Year Notes.
A similar level is seen in 10-Year Notes.
Note
Solid follow-through with 97.07 (GREEN) now the upside attraction. Raise stops accordingly to protect profits.Note
The minimum upside target at 97.07 (GREEN) has been met.
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