We have early (pre-market) sell signal triggered on /ZB and TLT breakdowns below their uptrend lines. Min. target 128’075 with any of the market levels as potential deeper pullback targets. One could opt to take a starter short position here, adding if/when /ZB or TLT appears poised to print a solid close below the trendline later today. 120-minute chart of /ZB (30-yr Treasury bond futures) below.
ZB 120m Dec 16th
Early (pre-market) sell signal triggered on /ZB & TLT on breaks below their respective uptrend lines & pending bearish PPO crossover. TLT (30-yr Treasury bond ETF) daily chart below. TBT is the -2x long bond ETF.
TLT daily Dec 16th