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Looks like short from here. Yellow line is at previous daily close double top . Will look for support on 200dma
Comment:
perfect rejection at triple top. Once the 200dma is hit this could indicate the next point the S&P500 will have a correction.
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If everyone is ready for TLT to explode to the upside, it probably means it wont. Im completely on board with you. Just picked up a 155 put option. I imagine gold silver and bitcoin will continue to rise in price, and that may make people leave the bond markets in pursuit of better gains. If thats the case, bye bye TLT. As always I could be completely wrong.
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@jeffreyc96, No signs of weakness ....... except for that double top formation, gold silver and bitcoin rising, the dollar weakening, and stock market rising.
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