Tag TLT

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

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.

($TLT) : Kijun sen support

TLT ($TLT) has a gap down on the opening.

With this gap down, it has went below its Tenkan sen and is now sitting just above the Kijun sen.

Watching it to go below Kijun sen.

Note:

This month QE2 will come to an end. Any reason why TLT should stay up?

iShares Barclays 20+ Yr Treas.Bond (TLT) : Fail to hold on to kumo support

 

TLT fails to hold on to its bullish run and break down from the kumo support.

A bearish cross was sighted on the Ichimoku chart and today the price open below the kumo support of around 90.6

On the Ichimoku Daily chart, we can see a support at around $89.6

 

And on the Ichimoku Weekly chart, support is around $88

Note:

US govt. is in negotiation talks on the government budget. This will have an impact on the overall market.