The third price target (T3) on the TLT (20-30 yr Treasury bond ETF, or /ZB 30-yr futures) was effectively hit on Friday & with TLT currently trading above it in pre-market, I am revising this to the final target (eliminating T4) based on the increased likelihood of a pullback. Consider booking profits or raising stops if holding out for additional gains or planning to keep /ZB or TLT as an indirect hedge to index shorts. Previous & updated 60-minute charts below.
Closing Out TLT 30-yr T-bond Trade At 3rd Price Target
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