TLT is showing some signs of weakness, it's in a falling wedge and below the 200MA. The long term up channel trend is still intact. I have placed 4 support levels in the event of a channel and wedge break. In the near term I it is likely that TLT will hit the top of wedge or esistance. If Fisher stays below mid-point it is likely that TLT will fall rather then rise.
Comments
QuantitativeExhaustion
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Nice divergence on weekly chart
QuantitativeExhaustion
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nmike
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...support level 2 broken, next likely likely target, support level 3
nmike
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......monthly price action suggest more downside for TLT with near term target of 108 and or bottom of CLONE 1
QuantitativeExhaustion
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quadruple bullseye
nmike
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>>>> alert......TLT at dual trend line support, failure to hold could see TLT fall to 107.54 near term
QuantitativeExhaustion
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4 year TRIX resistance. Maybe a signal Federal Reserve is not finished with QE anytime soon. NFP on Friday will need to come in much lower than expected. Lower NFP will help encourage the Federal Reserve to extend QE into 2014.