from 14th Feb 20: “The 1/2R Support off August high, is at 141.69. Recent price action indicates that a higher low above that level may be forming“. Chart updated.
TLT chart update
from 24th Jan 20: TLT closed on Friday above 141.69, the 1/2R off August high in a stronger position. Bullish if that Support holds in early part of coming week.
T-Bonds – TLT chart 15th March
TLT spent the week printing back above 121.0, the major poc. Strong position if chart can hold that level.
TLT is in a weak position
This week TLT broke below 121.0, the major poc. This is a weak position. There is 1/2R Support at 119.9 (off November low).
TLT Chart 15th February 2019
TLT spent this week printing above 121.0, the major poc, and found Support at that level. As long as chart holds this level it is in a strong position for a leg higher.
TLT 28th January 2018
On the TLT chart, a higher low above the major would be bullish.
TLT – the major migrated back to 121
this week the major migrated back to 121 and TLT closed the week below this level in a weak position.
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TLT major level migrated
using 30minute data the major migrated lower from 121.0 to 118.84 earlier in the month. With time at 121.0 it could easily migrate back to that level. Note there has been no clear rejection from 121. Price above that level would put TLT in a stronger position in the LT.
TLT at Resistance
the Resistance at 118.50 has not been convincingly exceeded.