TLT has been bouncing off 102 support since last Aug. It now appears to be coming into the apex of a triangle. Will it break the upper trend line and rally or break support? That remains to be seen. The volume pattern on this weekly chart does not look particularly bullish to me. However, I think there is quite a lot of bond shorts. If it breaks the upper trend line there could be a significant short squeeze. It appears a decision is getting close at hand.
Bob
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