Tuesday, December 18, 2012

TLT-Flight To Safety

TLT is getting some momentum, you can compare to the earlier charts today that were just starting to show something.

 TLT 1 min

 2 min

 3 min

5 min

Earlier we only had a 1 min divergence which I said "Could" be an intraday move only, but I doubted it, I thought it was the first sign of a flight from risk assets to safety, as the charts have developed and reached out to the 5 min-way beyond intraday, I think it's clear, this is a flight out of risk and in to safety. It may not be complete, but it has good evidence for it occurring.

No comments: