Algokid
Short

TLT - Counter Trend Rally Over

BATS:TLT   Ishares 20+ Year Treasury Bond ETF
187 6 0
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.
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)  
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so far so good :)
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Algokid PRO mikestockmarket
Thank you
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Very nice going with this analysis.
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Thanks Tim
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Followed.
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