Futures: Pullback Buy Setup in Bonds

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[aznnp]

Thanks for the video. Options Action on CNBC actually pointed out an option spread on TLT last month I think. They said if TLT breaks 171 by August the trade would be profitable. At the time, TLT had just broken out of a Triangle or something, and was like $165. I've actually been swing trading TLT and GLD for like a month. I buy whatever's down then switch later on. But Gold really took off this week. I sold my TLT yesterday on the jump. It was overbought and I'm waiting to re-enter somewhere when I felt SPY would top out. TLT is actually more inverse the market than Gold. It goes up more when the market is down. TLT went down today despite the market being on thin ice cuz it was too overbought. Gold is just on a tear right now and can't be stopped no matter how overbought it is.