There is a great bear flag formation on the ProShares UltraShort 20+-Year Treasury (ETF) (TBT). The opposite can be seen on the inverse ETF, the iShares Barclays 20+ Yr Treas. Bond (ETF) (TLT). There is a classic intra day bull flag.
Shorting Is Shorting
When you go short the TBT, you're shorting rates. And when you go long TLT, you are also shorting rates. It's an easy setup that should pay off nicely by the end of the day. Lock and load.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com