Algokid

TLT - Counter Trend Rally Over

Short
BATS:TLT   Ishares 20+ Year Treasury Bond ETF
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Since falling more than 10 % in 2 month, TLT bounce and made a nice rally back to it's previous support level ( now resistance) . The rally is now over , and expect TLT to continue it's descent . If however the price breaks it's resistance, this may be sign that the economy is in more trouble than we think.

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UPDATE, TLT broke through it 's downtrend channel, which is obviously bad for the market as previously stated in my original comment. I 'm taking the same chart and extending the previous resistance line ( green line) https://www.tradingview.com/e/xHD480nY/#45774
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so far so good :)
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Algokid mikestockmarket
Thank you
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Very nice going with this analysis.
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Algokid timwest
Thanks Tim
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Followed.
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