The iShares Lehman 20+ Year Treasury Bond ETF (TLT) continues to motor towards key near-term resistance at 83.90-84, which if (when) hurdled, should trigger upside acceleration to my optimal next target zone of 85.20/50.  While I do not think that this move in the TLTs is anything more than an oversold recovery rally, nonetheless it has the potential to be a significant one that requires participation.
 

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.