CalebDismuke
Long

Support levels approaching for bonds(TLT)

NASDAQ:TLT   ISHARES 20+ YEAR TREASURY BOND ETF
Technically Speaking
Two levels of support are coming up, 132.50, 127.50.
If the latter does not hold, it is a pretty steep slide to the next level of demand at 120.

I believe the better the better R/R would be to wait for a test of the 127.50, stopping out under 125.00.

Remember, we as traders do not have to swing at every pitch. We are looking for mis-priced bets, so it pays to be patient.

Fundamentals
TLT             is an ETF . Even though I lean technical, I think it is important to know what you are trading or investing in. Here is a link to the TLT             page: https://www.ishares.com/us/products/239454/ishares-20-year-treasury-bond-etf

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