Thursday, June 4, 2009

20 Year Treasury Bond Update

iShares Barclays 20+ Year Treasury Bond, May 7th.

iShares Barclays 20+ Year Treasury Bond, May 18th.
iShares Barclays 20+ Year Treasury Bond, June 4th


Treasury could not hold on to S2 support and that 61.8% & 70.1% Fib-retracements acted as resistances.
If it drops below 88 it would be very ugly for 20 years treasury.If $88 could hold as support you should go long, with tight stop.