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Algokid
Sep 25, 2012 6:04 PM

TLT - Counter Trend Rally Over Short

iShares 20+ Year Treasury Bond ETFNASDAQ

Description

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.
Comments
Algokid
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) tradingview.com/e/xHD480nY/
mikestockmarket
so far so good :)
Algokid
Thank you
timwest
Very nice going with this analysis.
Algokid
Thanks Tim
ahfye
Followed.
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