$TLT, the last bond rally before bear market continuation?NASDAQ:TLT seems to be setting up for one last move higher. I think we're likely to see a bottom of the short term move between around here at $92.
Then I think post fed meeting, we'll get a move in TLT up to the $98 resistance, that's where you'd want to be a seller of TLT or buy puts.
After that, I think largely the remainder of this year will be bearish bonds after the $98 resistance gets tagged.
I also think we'll see new lows (I know this is very opposite of what most people think will play out). This is also likely the catalyst that brings down the stock market (rates rise more than people think is possible).
Let's see how it plays out.