Chartaholic

Bonds Will Either Explode Higher of Fail At Resistance

BATS:TLT   Ishares 20+ Year Treasury Bond ETF
65 0 0
The bond market has been in "Taper" mode , as the Fed has most likely been dumping bonds, putting downward pressure on the bond market; This weakness can be seen from the May 2013 high to the recent low in August. The black line represents the 1x1 Gann Angle; Price will either fail at this angle and revers back lower or push through. If bonds push through and continue their ascent higher, then expect further weakness in equity markets.
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