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Bond

iShares Barclays 20year Treasury Bonds (NYSE:TLT) : Trend is still down


The trend for TLT is still down.

You can see how the trend back in October last year and except for once in December did the price goes above the Kijun sen (trendline).

Apart from that, the Kijun sen has held the price down pretty much.

TLT has break the $100 mark on its way down, break $90..and is now challenging its support at around $87.

Will this hold and form a base or will it break further?

Note:

I have added to my short positions.

By iam802

Trend trading with Ichimoku