No time for details right now, but TLT (30 year bond ETF) appears to be forming a hammer reversal today with nice divergence on both daily and hourly charts.
New Blog Trade:
Buy TLT today with a market order or Monday with a limit order of 89.50. Place a GTC stop at 88.40 immediately after entry. Current price is 89.26 which will be the blog entry price.
FYI - this does not change the longer term outlook I have for bonds as posted previously.
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