TLT (20-30 yr Treasury bond ETF) bounce target hit for a quick 2% total or 4%+ beta-adjusted gain (accounting for the 2x+ suggested beta adjusted position size) & providing an 8x (+800%) positive offset to the 0.25% gain in QQQ from the same point to now. Consider booking partial or full profits and/or raising stops to protect gains if hold out for more upside and/or planning to keep /ZB or TLT on as an indirect hedge to any stock index shorts. Previous & updated 60-minute TLT & 120-minute /ZB charts below.
/ZB TLT Bounce Target Hit 7-3-24
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