Trading at Support Area

Bonds are at support and hesitating.

Conversely, the IYR downside action has also reduced.

Based on those two indications, the IYR short, DRV-24-05, has been exited for now (not advice, not a recommendation).

Profit on the trade was approximately +4.26%.

Long Bonds TLT, Daily

It’s been a beating for bonds in the past few weeks.

Let’s see if there is some type of upside recovery (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279