T-Bill Technicals Point To New Upleg
Mike Paulenoff | Jan 13, 2017 02:26PM ET
My work has triggered preliminary signals that TBT's September-December upleg correction ended at Thursday's January 12 low of 38.19 and that a new upleg has commenced.
Notice that the 24-hour upmove from 38.19 has stalled just below 39.90, which represents the resistance line off of the December high, which if hurdled, will trigger upside potential that projects to a retest of the December high zone at 41.70-43.00.
Only a decline that breaks 38.19 will neutralize the constructive chart setup.
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