Courtesy of Chris Kimble.
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TLT is back at its 2008 highs….”Twin Peaks” in play along (1)? Check out the action in the inset box of TLT along line (1)..NOT BULLISH, yet Support line (2) remains in place. A break at (2) should usher in a ton of sellers, as it did in 2008!
At the same time Consumer Staples (XLP) is at the bottom of its support channel at (3). Keep these two the radar screen, per the could be sending a very important macro message on their next big move!
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