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Bond S&P500

$TLT . Showing bearish signs.

Perhaps this is one of the confirmation signals that we have been waiting for.

For the last 1 month, the market has rallied. Despite the challenges in Eurozone, it continues to edge up further. The  saving grace is the movement has become smaller.

$TLT has rallied back in August last year and consolidated at the current range since October.

At this moment, it looks like it is going to fall off the cliff soon.

The price has just dipped below the kumo support.

Leading kumo has twisted and is showing bearish confirmation.

We can also see that the Tenkan sen and Kijun sen has crossed and giving another bearish confirmation.

All we need is for the Eurozone issue to trigger a ‘mad rush’ into USD and that is sufficient to make /ES lower.