Friday, April 30, 2010

US Long Bonds

The gap formed on 4/27 was filled on shrinking volume. This is a bullish setup. The overhead gap resistance is pulling on price. Today's COT release will indicate if leverage money flows continue to fade price direction. For example, the decline into critical neckline support several weeks ago was supported by massive inflows. Will this rally be met with outflows?

US Long Bonds ETF (TLT)

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