In previous posts on iShares 20+ Year Treasury Bond (NASDAQ:TLT), I mentioned the importance of breaking above 123$…after a sharp move to 127$ prices fell back toward 122$ for a back test.
This back test is most probably complete and I expect prices to resume the up trend from current levels. Important for this longer-term bullish view for price to hold above the Ichimoku cloud.
Disclosure: None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that June be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions.