Shared the chart below yesterday, reflecting that TLT was facing a potential “Double Top” up against a key Fibonacci Expansion/Extension level (see post here)

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Equities are having a nice rally today and TLT is down almost as much as SPY is up.  If you own TBT, its not a bad day to say the least!  TLT now is facing a key rising channel support line that has contained TLT during its 25%+ rally in the past 63 days.  See Below…

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Support is support until broken and this is one steep support line!  If TLT takes out the bottom of this rising channel, the TBT gains of today will enlarge a ton!