Wednesday, May 18, 2016

Treasuries Cup and Handle revisited

About two moths ago we noted (Treasuries (TLT): Double top or cup with handle?) the possibility of the treasuries ETF -TLT- forming a cup with handle which is a very bullish pattern.Today we can see that the aforementioned pattern is still evolving.We believe that the handle will soon breakout pushing TLT to move higher (and subsequently SPX to plunge)