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TLT AT CRITICAL POINT

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

Finding support and resistance levels is usually made much more simple by using point and figure charts. Clearly TLT is at a critical juncture here. Frankly I am not sure where it is going. The target from the chart is 124. I see no clear reason to bet against it here.

Click on chart to enlarge