Lets not forget TLT which looked a lot like GLD yesterday, here was the short term call from yesterday...
TLT's Intraday Action
Here was the short term TLT chart from yesterday's post...
And today's reaction...
Today's intraday fall from yesterday's intraday bearish call on TLT.
On this 30 min chart I had warned previously twice about pullbacks from the two areas at the white boxes.
Intraday, it looks like TLT wants to bounce. The long term charts remain muddy, most probably a result of the ongoing drama in Washington.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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