I've shown this chart before, and I feel that it's time for another look. This is a weekly chart of TLT, the etf that tracks 20 year treasuries. All the green shaded areas are strong pivot levels. These pivots just so happen to be during the summer. This is a seasonal pivot. Over the past
I mentioned last week that there was a good amount of price support for TLT, and it seems to be holding. This is bad for the "reflation thesis" which I outline in the new Members Video.
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