Comments on: /ZB TLT Treasury Bond Trade Idea https://rightsideofthechart.com/zb-tlt-treasury-bond-trade-idea/ Stock Trading, Investing & Market Analysis Wed, 04 Dec 2019 13:38:36 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/zb-tlt-treasury-bond-trade-idea/#comment-7564 Fri, 13 Sep 2019 14:59:43 +0000 https://rightsideofthechart.com/?p=192935#comment-7564 My reply to a trading room question regarding the move below the 159’050 support following this post:

I had intended to cover /ZB & TLT in the video & missed it. As of now, /ZB is trading below the 159’000 support so if you haven’t taken a position yet, I’d wait for it to snap back above that level soon which would be a bear trap/false breakdown.
The 60-min bullish divergences are still very much intact while /ZB is at minor support (158’050, which is the Aug 2nd reaction high) right now so if you took it ag 158, you might want to set a stop about 1/2% or so above this 158’050 support level.

https://www.screencast.com/t/jecXKzBlkm


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