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

Come chat with me
http://gettsam.com/
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out