The long bond TLT moved back into its uptrend channel again last week.
The price action was bullish on Friday, and this push could be the second movement higher from the April 11 low.
This week 91.50 needs to hold TLT up. A close below 91.28 would breach the B move and signal a lower move.
A break above 93.15 will weaken the bears and raise the odds in favor of a move toward 94-96.
This is an excerpt from the Naturus Market Preview for the week. To see the full document, go to http://naturus.com and register.
