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Bull Run In Bonds Looks To Be Over

|Includes: iShares 20+ Year Treasury Bond ETF (TLT)

By Jeff Pierce

The Mar-April rally couldn't muster new highs and added another lower high in place which continues to affirm that TLT has topped. I expect a small counter-trend rally up to $119 before this rolls over and get's really bearish. The head/shoulder pattern on the weekly chart below paints a very bearish picture.

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