iShares Barclays 20year Treasury Bonds (NYSE:TLT) : Watch the support

TLT open with a gap up yesterday which sees it challenging the Tenkan sen.

It fails to go above the Tenkan sen and closes lower than its opening price level.

With the weakness from yesterday’s closing, TLT open with a gap down and is now trading near its support at around $100.22


S&P 500 (SPX) : Chart Review as of May 14, 2010

SPX. On the Ichimoku Daily Chart, we can see that the price level have not break the kumo support yet at 1025.

We also expect additional support  from the Chikou Span at 1110