TLT Testing Resistance, Treasuries Might Be Getting Ready to Head Back Down

TLT, the ETF tracking 20+ year US Treasury bonds, has rallied back up to a key resistance level from which it has pivoted off of several times over the past year. That fact, coupled with Martin Armstrong's cyclical forecasts that call for a global soverign debt crisis to commence in October, set the stage for favorable reward/risk setups on TLT that target a much lower price for the ETF.

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TLT Testing Resistance, Treasuries Might Be Getting Ready to Head Back Down