I have been calling for TLT to reach 120-121 area for the last 3 months. I did not however see that it would get here this quickly. Again main stream media has blown this rate hike into the air making it SUCH a big deal putting the odds at 90%.
There is no reason for TLT to be wayyy down here. As you can see in the chart below…
I found 7 good reason why TLT will stop going down here. AND likely rip back up to at least 127-130.
The Risk is NOW UP, not down.
Likewise $GLD , $GDX , should all be bouncing too.