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Earlier in the week I shared that TLT was testing a key support line and discussed a game plan for TLT should price support give way. (see post here) At (2) short-term yield resistance has been taken out.
On a long-term/18-year falling yield channel perspecitve, the yield on the 30-year yield HAS NOT BROKEN key channel resistance.
Game Plan…The break of resistance should have triggered the stop on long TLT positions.
