I don't trade TLT or TBT as such, but I trade the futures
contracts - either ZN ( 10 year treasury note) or ZB ( 30 year
bond). To me , I was also expecting a bearish scenario, but the
last few days price action in the bonds has me more bullish. In the
ZN chart especially, I see the price broke down through the August
lows at around 145'27 last week, but has since rallied back above
that resistance/support level. To me, this is a classic "fakeout"
type pattern and can result in quite strong moves.
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I don't trade TLT or
TLT
Posted by payday on 19th of Sep 2012 at 08:19 am
I don't trade TLT or TBT as such, but I trade the futures contracts - either ZN ( 10 year treasury note) or ZB ( 30 year bond). To me , I was also expecting a bearish scenario, but the last few days price action in the bonds has me more bullish. In the ZN chart especially, I see the price broke down through the August lows at around 145'27 last week, but has since rallied back above that resistance/support level. To me, this is a classic "fakeout" type pattern and can result in quite strong moves.