The midpoint Hidden Pivot support at 93.15 shown in the chart provided a so-far weak bounce to 94.19, but it’s too early to tell whether the reversal is the start of something big. My hunch is that it is the start of something small and that a ‘mechanical’ short from x=95.26 will be a winner. That’s assuming TLT gets there, which is somewhat optimistic considering the relentlessness of the selling.
TLT – Lehman Bond ETF (Last:93.77)
