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Bond

iShares Barclays 20year Treasury Bonds (NYSE:TLT) : Weekly Kumo

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.

By iam802

Trend trading with Ichimoku