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TLT Should Hold


Let's notice that the iShares 20+ Year Treasury Bond ETF (NYSE: TLT) is testing the 102.00-101.80 area, which represents the lower channel support line off of the April low (87.30), as well as the mid-August upside breakaway gap area.

From a technical perspective the TLTs should hold in and around current levels (101.90/80), with downside overshoot into the 100.90/60 area prior to my expectation of a resumption of TLT strength that revisits 106 to 108 thereafter.

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