is still curving down. Current price are in retracement red channel of larger .
If there is a breakdown, i would monitor very closely at 117.38 as S/R reference. Though a breakdown seem , the channel in still remain intact if broke the brown and find support at channel bottom.
I would expect a false breakdown and then somehow a will be formed for price to go up. If this is the case, it would mean the opposite direction for stock market.
Note: Perhaps this will happen in my dream..
I follow the price movement which in term forms an uptrend channel
But as i am obsessed with TREND channel once i draw it it make sense hence i posted it
the big spike (shadow is not for show), TLT is about there for next two days most probably
My entry at 118.76, getting ready to unload for profit soon
Nice trading, Merry X'mas & Happy new year!