As mentioned previously, TLT is heading towards the Weekly kumo support.
On the Ichimoku Weekly Chart, it is now sitting right at the edge of the kumo support. A very thin one.
A little bit more downwards movement is expected, with support at around $92.6 on the Ichimoku Daily Chart.
This is a very strong bearish move since it breaks the support at around the $98 level.
We can see that both the Tenkan sen and Kijun sen are steeply pointing downwards.
