Bonds Test Resistance
TLT (bonds) is now testing its 50 day moving average and appears to be having trouble moving above it. The 92 level is resistance and the stochastic oscillator is also in the sell zone. A move below Tuesday's low would confirm a sell signal in TLT with a downside target of at least a test of the 88.50 low.
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3 comments:
I disagree with your analysis. To me, TLT is currently in a pullback mode, possibly finding support at 90.
Personally, i will go long if it pulls back to 90.5 where i see a support. The up side for this trade far outweighs the down side in my opinion.
A good target will be 95.
i also think TLT is printing bull flag and today already pierced the 50SMA...this is headed to 94 at 200 SMA
hiya
Just saying hello while I read through the posts
hopefully this is just what im looking for looks like i have a lot to read.
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