CHART: Bonds could fall 15% more, if this gives way

From Chris Kimble of Kimble Charting Solutions:

Do you know what was one of the best things to do on the 4th of July this year, in the financial markets? If you owned government bonds, it was a great time to sell them. If you were open to it, it was an even better time to short bonds.

The chart below looks at TLT over the past 15-years and applies a 16-week performance table to the chart-

(Click here for a larger version of the chart)

Over the past 16-weeks, TLT has declined nearly 14% at (1), this decline gave back some really sweet gains TLT had made the first half of the year. TLT does still remain inside of 13-year rising channel (2), despite the large decline over the past few months.

Joe Friday Just The Facts; If support breaks at (3), TLT could fall another 15%, before it hits rising support

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<