TLT (weekly) - did a runaway* weekly gap in early April 2012 that started SPX's correction with a couple of hundred points swiftly into June 2012.
- We just have a weekly gap on TLT again as of this Friday where the previous last 2 runway weekly gaps were in April & May 2012
- The chances of this being a runway gap is high given other bearish indicators on equities and the fact that this is a weekly closing
- I expect to see a decisive move in both TLT Vs. SPX (i.e bonds versus equities) very soon...
*Note: Runway gap is a gap that continue to move into the direction where the gap happens without the gap being filled any time soon
The Gap in TLT
The correction in SPX following the gap in TLT...
