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A Strong Technical Statement Today in the TBT


Today will be my last MDM until next Tuesday or Wednesday after my initial recovery from hip replacement surgery.

From a P&F perspective, today's thrust from 77.00 to 78.90 represents vertical breakout "pole" above 78.00, and has triggered a next target zone in the vicinity of 80.00.

Such a move will test the prior P&F high at 80.10.

At this juncture, only a decline that breaks (prints) 77.80 will neutralize the current buy signal, while a decline that prints 76.80 will reverse ProShares UltraShort 20+ Year Treasury (TBT) directional polarity altogether.

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