Latest Support Failure In Bonds
Tim Knight | Sep 18, 2018 02:34PM ET
My bond obsession continues – and with good reason as we’ve just had our latest breach. And remember, next week is a big FOMC announcement, so that should shake things up. The important fact is that we’re now beneath a support level that has been in place for months.
The failure of this range (tinted below) sets us on course for the next phase, which is to push prices down to the green horizontal I’ve drawn. A failure of that level will seal the deal and establish the trend for years to come. Let’s see if we can actually get there.
h3 TLT/h3
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