($TLT) : Drop pierce through Tenkan sen and Kijun sen

Jun 28, ’11 11:05 AM
Author Categories Bond Tags

TLT has a fairly big drop yesterday. High of $96.87 and closing at $95.65

The drop pierce through both the Tenkan sen and Kijun sen (trendline).

If it fails to hold above $96, we have an immediate target of $94 and $93.

Also note that both the Tenkan sen and Kijun sen are fairly close now. Any drop that pierce through the kumo support will give a bearish cross confirmation.

Vested.

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