We have not heard Janet Yellen's FOMC statements on interest rates yet. The economic data is not overwhelmingly strong, so one could expect a dovish outlook. Trump does not control interest rates, so amid the rumors of a rising rates, the new president does not have the capacity alter .
I post a simple chart highlighting various TLT corrections. Remember TLT is a volatile instrument that does correct sharply.
Lastly, is at 30. Previous oversold readings have been great entry points.