$TLT awaiting the breakout.
I've drawn in some near term support and resistance on this weekly 
TLT chart. But the larger point in this graph is the gigantic pennant stretching into last year. I would not be suprised to see a fakeout since we are approaching the apex of this pennant, but 2 consecutive weekly bars will probably signal the direction. Think everyone is expecting bonds to sink, so the opposite would not surprise me at all.
Good luck all.
TLT chart. But the larger point in this graph is the gigantic pennant stretching into last year. I would not be suprised to see a fakeout since we are approaching the apex of this pennant, but 2 consecutive weekly bars will probably signal the direction. Think everyone is expecting bonds to sink, so the opposite would not surprise me at all. Good luck all.
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