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.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!