One Time!

I continue to patiently wait for a more textbook short setup in the runaway market known as Treasuries. On the TLT hourly chart, below, the light blue lines illustrate a potential rising wedge breakdown. Thus, for the first time in a while, I am interested in shorting bonds again via a long TBT or TMV position (the double and triple short bond ETFs, respectively). In order for me to take the trade, I would likely look for TLT to retest and then roll back over from $134 to confirm the rising wedge breakdown. I would then be looking to see if I could "bag the elephant" in the bond market, one time.