TBT Follow Up

TBT was a trade idea from Thursday June 21, it's down about -0.39%.

Here's an update for TLT (20+ year treasuries) and TBT (Ultrashort 20+ year treasuries).

 TLT 1 min leading negative today

 TLT 2 min leading negative to a new low today

 TLT 3 min leading negative new low today

 TLT 5 min with a leading negative divergence starting mid-morning. TLT is typically a flight to safety trade, distribution in it seems to indicate that money is flowing in to risk assets as we saw with the last update. Although at this point I consider this a shorter term trade, TBT long was the choice to play weakness in TLT.

 TBT 1 min trend at a new leading positive high

 3 min put in a strong leading positive move today, the area in yellow is a typical head fake move.

Look at how much TBT added to the positive divergence today and all that was needed was a pullback.