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DarkPenciI

TLT= Where are the Bonds going

Short
Ishares 20+ Year Treasury Bond ETF (NASDAQ:TLT)  
DarkPenciI Updated   
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
Trend Analysis
6
1
trendanalysis
Not too familiar with US T Bonds but from a pure technical perspective, we are due for a correction here and seems like the process already started with some strong follow through expected within the next few days. Shorting the TLT at this point seems to offer really good value with targets around $150 within the next week or so.
Comment:
After the lack of follow through and breaking the recent high, I'm now turning against the initial idea and looking for a new long opportunity. I believe it will correct a bit tomorrow and might provide a good entry for a call option trade about 2~3 weeks out targeting the ATH and maybe even a further to $185.
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