Subject: 23 Years of Support — Teetering
Take a good look at the chart below.
TLT — the iShares 20+ Year Treasury Bond ETF — closed Friday at $80.87, sitting almost directly on a support zone that has held for 23 years.
The lowest price in TLT's history is $80.51.
With the Federal Reserve meeting this week, the question isn't whether we can predict what happens next.
We don't have to. TLT will tell us.
This weekend's Blue Line Trading Update lays out exactly what we're watching, what would confirm the breakdown, and how we're positioning for it — including the options strategy we're using if 23-year support gives way.
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Get access to the complete Weekend Update and follow the trade this week as it develops.