TLT: After Long Positive Run A New Bearish Trend Has Begun

NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
30 0 7
I have been bullish on-TLT for a long time. Last week I saw signs of negative action and I sold my position.
Here are THE DIRTY DOZEN negatives I see in-TLT, and why I feel this is a sell (With my apologies to the 1967 movie "The Dirty Dozen"):

1. Sell Fractal in effect (red rectangle on chart.
2. Alligator jaws opened in tandem with sell Fractal . Alligator feeding in down-trend. THIS IS YOUR COMPASS.
3. Chop indicator (under chart) is about to go BELOW the shaded area. This indicates a TREND. THIS MEANS INDICATORS WILL WORK BETTER.
4. Phase energy (lower top indicator) is heading LOWER. The action is below the zero line.
5. Momentum (middle top indicator) is the 5/34 measure, and this is bearish action and is heading lower. Histogram within is also under zero line.
6. Prices are trading BELOW the Ichimoku Cloud . This is a sell signal.
8. Prices are trading below the Ki jun-Sen baseline of the Ichimoku Cloud . This is a sell signal.
9. Prices are trading below the thick red Ichimoku Cloud conversion line. This is a sell signal.
9. The red Ichimoku Cloud conversion line direction is heading lower. This is a sell signal.
10. The Ki jun-Sen baseline of the Ichimoku Cloud direction is heading lower. This is a sell signal.
11. The CHOP ZONE indicator (under chart) is red, indicating a down trend.
12. RSI/ Stochastic (top) is heading lower after a bearish cross. Yes, it is over-sold, but it will most likely not spark any meaningful upside action.
In my opinion-TLT is heading LOWER. I have given you a dozen negative signs as my objective evidence.
I have also placed RED VERTICAL BARS on the chart so you can see how CHOP, FRACTALS, and the INDICATORS work with each other.
As the CHOP heads below the shaded area, trigger points occur, in this instance down (red vertical bars for DOWN).
Because of the recent sell Fractal and other negative signs, its hard for me to envision TLT-heading into a new up-trend.
If you are long-TLT, I would exit your position.
Good luck to you in all your trades. Don.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out