LONG $TLT

TLT on the monthly chart seems to be getting oversold to the downside and is trading into historical areas of support. Volatility indicator is showing exhaustion levels indicating bottom should be near.. Its worth noting the possible bullish divergence between RSI & Price if bottom is confirmed around $112 or above. Although bond market is basically in free fall mode, yields like US10 Yr are at historic resistance levels and are due for a reversal which should give TLT a bid. Risk/Reward on this seems attractive.