TLT:
As you can see TLT has gapped down from its multi-week consolidation. This short term down trend can continue down to around $113.00.
Sunday, January 27, 2013
Bonds continuing downtrend
Bonds measured by the TLT is down a little more than 10% since its peak in July 2012. Currently the price has been below its moving average 200 for a couple of weeks now, and seems to have just broke down from a bear flag.
TLT:
As you can see TLT has gapped down from its multi-week consolidation. This short term down trend can continue down to around $113.00.
TLT:
As you can see TLT has gapped down from its multi-week consolidation. This short term down trend can continue down to around $113.00.
Wednesday, January 9, 2013
Market paused for potential upside
For the past five trading days the markets has been trading in a narrow range. Prior to this was two large candles potentially making a bull flag. To confirm this a confirmation candle on high volume is needed.
S&P 500:
S&P 500:
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