$zb_f
TLT 6 Hour Candles. Breakout for Bonds? - Fib and MM Targets Bonds appeared to break out of a flag consolidation pattern today in the TLT Bond ETF. If this fund can close over 115.50 there is upside range to 117.50 and then ~119 as next target. This seems to be coinciding with US Dollar chart firming up as well as the VIX index closing over the key 14 level.
This is a key chart to watch over the coming days and weeks.
Updated TLT chartThere is no real reason to believe the bond rally is over. Bullish structure and bullish price action. Shorts will just fuel the gentle squeeze higher.
