TLT Update

This is an excellent example as to why I stick to objective evidence which are the probabilities or high probabilities offered by the charts.

Earlier today as the TLT position went again our put since the overnight session on a small 1 min , 1.5 hour divergence, I posted the charts and the reason I said, "The TLT June 19th Put position is still in place, today has been an interesting bit of movement, but I am not concerned about it." Posted today in the: TLT Position Update

Since then, the short term charts have fallen in line with the longer term , higher probability charts which is the exact same concept I just explained in The Week Ahead,

"Just remember, the 30, 60 min and 1-day ES charts in the post linked above from last night and earlier today are the highest probability resolution and they are calling for a drop in the market and not the corrective kind either."

As for TLT...

It looks like the 3, 5 and 10 min highest near term probability charts are winning out as the 1 min intraday chart quickly went negative as TLT tried to make additional upside gains and then came plummeting down to what is now just above yesterday's close.

I'm still not worried about TLT puts...