TLT update - 09/12/2014

Description

⋅ Sep 12, 2014 5:41 PM

TLT weekly lost 2 supports (blue lines) this week (pending close today), both RSI and MACD are weak. Potential rebound from 0.382 Fib, and the red support line. EMA ribbon weakening but is still OK.

TLT

Comments

ttraider

⋅ Sep 12, 2014 5:50 PM

Once it cracks the 2014 trend line, the bullish trade on TLT would be done. Yields are due for a rebound hence a pullback in bonds.