ProShares UltraShort 20+ Treasury (TBT) has broken through the trend line support of its retracement of the larger down trend. It broke through on Friday and closed slightly below a small cycle low at 45.72. Watch for a retracement for short entry or use a move through the low of Friday, 45.48.
TBT Trend Continuation
Keep in mind for that both these ETFs are UltraShort meaning they seek to duplicate the move in its underlying index by 200%.
ProShares UltraShort 7-10 Year US Treasury (PST) has also broken through the trend line of the retracement of the larger down trend, cleared on Friday. A move through 52.08 (Friday’s low) would signal continuation of the down trend.
PST Trend Continuation
