Trade Idea: TBT (Short)

I just mentioned the probability of a channel buster in TLT soon, that was yesterday and by the close we had it. There are good signals for a TLT long and the Channel Buster can add to momentum, but TLT doesn't have the profit potential to make the trade worthwhile for me so I'm going with TBT which is the 2x leveraged inverse of TLT, but I'll open it as a short, effectively giving me a 2x leveraged TLT long.

I'll have charts out in the next post.