very important level coming into play w/ the TLT.
watch 125 for support but if bearish bonds then this level must fail. if not, then we’ll keep bouncing around in this chaos.
Fed Fund Futures haven’t budged … higher interest rates?
02/27/16 – TLT, if correct, should be losing steam over the coming days/weeks. Initial target appears to be 109-111.
note, if this pattern fails, then 145 is a very strong target as shown below. also note, the cycle top times came in w/ pattern completion. right now, favor the short side into the 109-111 area but do want to show possibilities.