Ishares 20+ Year Treasury Bond ETF
Short
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Bonds: 10-12% further downside?

Based on the TLT pattern shown here, bonds may have much further below to go.

They've continued to steadily sell off as rates have continued climbing, and show no signs of a long-term bounce.

Target 1 has been breached, leaving target 2 in the crosshairs: $86-87.
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TLT down another 2% to $98 post CPI print.

The grind down continues...
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News lows today...
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New lows again: $97.04
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Another day, another new low: $96.46
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Now $95.57
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Now $92.83
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Now $91.90

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