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Rising support is support until broken…..nothing fancy along this idea.
Regardless of the asset, buying on rising support with a stop below support, the majority of the time rewards investors.
Yields, short to long are on rising support at this time. Yesterday TLT looked to be breaking a key support line, while it was close to the top of a trading range (see post here)
This support line represents a good place to bet yields will move higher! If support fails to hold here… one can only guess how ugly equities could get!
