I don’t follow the TLT enough to answer that question, but just briefly looking a the daily chart for the last year it is showing that TLT is into a support area now.
It bottomed at 93.49 on 11/15 and also it hit 93.60 on 06/03 and rallied from both dates. That looks like a triple bottom area to me. But again, I don’t follow it enough to tell you it’s a buy or not.
It looks like we completed the left side of the A (of the MA pattern) at 1229 spx, and we’re now heading down to at least 1211, but more likely the 1200 area for support. After that… who knows?
SPY CHART
http://niftychartsandpatterns.blogspot.com/2010/12/spy-support-and-resistance-levels.html
Gangsta
I don’t follow the TLT enough to answer that question, but just briefly looking a the daily chart for the last year it is showing that TLT is into a support area now.
It bottomed at 93.49 on 11/15 and also it hit 93.60 on 06/03 and rallied from both dates. That looks like a triple bottom area to me. But again, I don’t follow it enough to tell you it’s a buy or not.
Red, is TLT a buy here
Red, is TLT a buy here
So far, so good…
It looks like we completed the left side of the A (of the MA pattern) at 1229 spx, and we’re now heading down to at least 1211, but more likely the 1200 area for support. After that… who knows?
up – head and shoulders 😉
RGR?
RGR?
Sp 500 1h = RGR 😉 = 1205 ??