Tuesday, August 21, 2012

TLT Flight to Safety Update

Earlier I posted TLT, "TLT Treasuries Coming to Life" because of several emails I had received, I said TLT was in good shape big picture and it looked like it was seeing strong accumulation intraday in to a soft patch or intraday pullback, now take a look.

 Longer term big picture, the break below support (head fake move?) shows a strong 30 min positive divergence.

Earlier the 1 min chart didn't show much until around 11:30 as it pulled back, it went leading positive and now we see confirmation as price joins 3C.

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