It looks like TLT is getting ready to explode to the upside in a flight to safety trade.
I've already shown the longer term charts in which TLT actually improves on the break below resistance, which is confirmation of the exact opposite seen in the market as TLT trades opposite the market.
Here's the near term stuff.
3 min leading positive -very steep incline/momentum
5 min leading positive as it consolidates
15 min leading positive
And the 30 min is leading positive, this chart rarely moves up this high, this fast, it's almost a straight line.
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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