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Bond

iShares Barclays 20year Treasury Bonds (TLT) : Gap Down, Kijun sen support

TLT gap down and is now just supported by the Kijun sen (trend line) at around $103.

All it needs to for a confirm bearish move is for it to go below the Kijun sen coupled with a bearish Tenkan sen – Kijun sen cross and we might see it go below 100.

The kumo support does not look very thick; though I expect more support coming in as it reaches $101.