Eye On TLT Reaction To GDP Release

TLT (20+ Year T-bond ETF) will react one way or another to the GDP (Growth) and PCE (Inflation) data at 8:30 AM ET... If the reaction is positive for TLT, a climb above 96.80 will point to a challenge of its dominant August-October down trendline. Conversesly, if the data elicit a negative reaction in TLT (a pop higher in benchmark YIELD), a decline that breaks 94.30 will argue for a full-fledged retest of the 10/24/22 low-zone from 93.00 to 91.85... Last in pre-market is 95.85...

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