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Several times TLT has create “Double Bottoms” that was followed by rallies. TLT by well be creating a double bottom at the 38% Fibonacci level at (1) above and momentum is oversold.

Joe Friday…it is critical for TLT to hold here, because the next key support level is 10% below current prices!

If support fails to hold here, interest & mortgage rates move higher!

 

 

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