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Bond

iShares Barclays 20year Treasury Bonds (NYSE:TLT) : Near kumo resistance


I close off my PUTS on TLT when the market start diving and TLT start heading up.

However, I am still tempted to look for a short entry.

At this moment, TLT is very near to the kumo resistance. Nothing is stopping it from moving upwards. It can even go up further hit the kumo (where it is deemed trendless) before turning around.

I will keep a close watch on this. After all, TLT and the broader market indices moves in opposite direction (until proven wrong).

By iam802

Trend trading with Ichimoku