$iShares 20+ Year Treasury Bond ETF (TLT.US)$ This might b...
$iShares 20+ Year Treasury Bond ETF (TLT.US)$ This might be about to do a "thing." Short-term reversals or relief rallies happen all the time, and this one would be targeting ~100.50, and possibly even as high as the pre-market gap fill at 100.81. The larger time frame rising wedge, however, is targeting ~97.0, which has confluence as a retest of the support line of the MUCH longer time frame descending channel. It is possible if it finds demand there it may generate a new, ascending channel.
I would likely be looking to load up on longer dated calls at that level.
I would likely be looking to load up on longer dated calls at that level.
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