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Houston We Could Have a Problem in Government Bonds

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Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Downside action in bonds today have to do with the employment report? Nah, or not much at least.

The power of the pattern would suggest bonds have a bigger issue on their hands than the report today. Five weeks ago TLT created a bearish wick at falling resistance and now this week it looks to be creating an engulfing bearish pattern.

Houston … TLT could be having a problem as it pushes away from resistance and breaks support!

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