You can see on this chart we closed just above major volume support. Volume expanded on the latest move higher with is usually bullish behavior.

tbt

1 yr weekly

Although we found resistance at the 200ma, I feel confident given the price/volume action that the first attempt was just a warm up and that on it’s second attempt we’ll break through the 200 day.

ttbt

TLT is going the opposite direction with it’s 200 ma acting as resistance. Notice the large volume sell off days and when it did rise move higher it did so on mediocre volume.

tlt