In Wednesday's column, I suggested that the price action in the iShares Barclays 20+ Year Treasury Bond Fund (TLT) around its 200-day moving average would have implications for the broader market. The TLT is in the process of forming a hammer candle on the weekly chart, but an interesting pattern was completed on the daily chart.
Monday, the 200-day moving average was penetrated on a closing basis by a large dark candle, and, in the Tuesday session, a small doji candle formed, its narrow opening and closing range directly on the average....383 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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