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Yesterday, via an intraday alert, we opened a long position in the ProShares UltraShort 20+ Year Treasury (TBT). Since breaking out of a six month trading range and setting a new swing high on March 19th, TBT pulled back into support of its 20-day EMA. On March 30th, TBT formed a reversal candle as it undercut its 20-day EMA but recovered to close near session highs. The March 30th high provided the perfect entry point for a long entry in TBT. Trade details are available to our subscribers in the open positions segment of the newsletter.

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