BOND TRADE

TLT price bounced off of our target Buy Zone as expected.  Now it’s trading at 1st minor resistance at 0.382 Fibonacci retracement, which allows us to move our Stop Loss to a break even point and secure “free ride” going forward.

Should TLT price reverse and do another lower low, we’ll be out at breakeven.

We are also setting up a 1st profit take level at 104 for the 18.3% gain.