The long bond TLT hit our first predicted target in the 94.00+ area. Members who took our swing trade at 91.40 made 3 points.

Due to the meltdown in the equity market, money flowed into the bond market for safe parking. But the upside move for the TLT bond price hasn’t completed yet.

This time as long as 91.73-91.23 range holds TLT up, our major targets will be 94.80 and 96.32.

TLT is in a counter move process, which could make a 38% or 50% Fibonacci retracement from the low 88.14 to the high 109.84.

We are still looking for a second long entry around the 91.25 support area with stop loss 90.00

To see mkre of Nat’s market analysis visit naturus.com

TLT Daily chart

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