I've drawn in some near term support and resistance on this weekly $TLT chart. But the larger point in this graph is the gigantic pennant stretching into last year. I would not be suprised to see a fakeout since we are approaching the apex of this pennant, but 2 consecutive weekly bars will probably signal the direction. Think everyone is expecting bonds to sink, so the opposite would not surprise me at all.
Good luck all.
Good luck all.
