Pattern Constructive in Treasuries (TLT)
I am getting preliminary technical indications that the pullback in the TLTs from the 9/25 high at 90.40 ended at this morning's low of 88.01, which attempted but so far has failed to break the July-Oct support line. My intermediate-term work remains very constructive and continues to point to the 91.50 area as the next upside target zone.
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