11th day of $QQQ short term up-trend; BOS: $TLT and $GLD

GMI6/6
GMI-28/8
T210874%

It looks like TLT, the 20+ yr US treasury bond ETF, is bouncing on support (BOS). If so, interest rates could head lower with the dollar  and gold might head higher, at least for a few days.

Screen Shot 2016-07-21 at 8.27.58 PMGLD also may have been a BOS on Thursday. Charts look identical!!!!

Screen Shot 2016-07-21 at 8.32.01 PM

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.