$TLT breaking down? $80 target?

TLT looks to be breaking down out of a bear flag.

We've already had multiple touches of the lower trend line and now it looks like price has broken through.

I think the most likely target is $79-80, but I've included multiple supports just incase we see a larger move than I'm expecting.

I'm looking to buy those levels should they hit as I think we'll see a longer term bullish move afterwards.

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Took some profits on my TLT put, will add it back if we bounce higher.

Order cancelled

I got out of my trade on that move down and to be honest, the chart is shaping up now. Not sure if we get another move down so I'm fully out of this trade.

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Welp might get that move down, chart took a turn for the downside over the weekend, but likely wont' take the trade, just going to wait until we bottom to long.

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Yeah I'm actually still thinking the long looks better than a continued short here.

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I actually ended up buying some $90C for 6/20

benjihyam

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benjihyam

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