Well, not really an emergency, just an update post Fed on our TLT trade from one week ago: TLT Sell Signal. TLT Daily Trend Model Keeping this chart simple, we have pure pattern recognition holding out for the low $80's to mid $70's as price quickly is approaching the Wave 1 low @ $89.42 from Nov 18th, where some support can be expected, pending the words of Fed Chair Powell, speaking as I type. Say, what? Let's more the stop up to breakeven on this option: 2.23. As soon as the put trades at 4.46 (+100%), move to a 50% trailing stop from Best Return level to protect gains.
