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ISHARES Barclays 20+ Yr Treas (NYSE: TLT) at Resistance

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

June 21, 2011

Shares of ISHARES Barclays 20+ Yr Treas (NYSE: TLT) have reached a strong resistance level.

TLT has surpassed both its 50-day and 200-day moving averages and the 50-day average has just crossed above the 200-day average. This is bullish.

Over the past several days, TLT has reached resistance at its 50% retracement resistance level at 97.45. This retracement is for the entire July through January decline.

A decisive close above 97.45 would forecast continued to gains to the next resistance level at 99.52. Should this level be surpassed, we would be looking at a test of the prior 108.56 closing highs.

The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy does not currently hold a position in TLT.