Bonds testing support

TLT is testing that support level again and has made a low under yesterday's low. Next support levels are ~100 and ~98.40.

If we see gold and equities make big moves as the ChartsEdge cycle chart indicates later today and tomorrow, it will be very interesting to see bonds "pick sides".

Other things to note on the chart, the volumes haven't been as strong as one might expect on the drop, and the 200-day moving average is about 96.29, providing another area of focus if TLT gets down that far. Given that's a large consolidation area also, that's a logical place for bond shorts to TMAR and bond bulls to come in again, if TLT does get under 98.