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TMF Trading Below Support

Written By: ChartChamp

November 6, 2024

TMF has a very similar setup to TLT, but is 3x leveraged so the gains and losses will be higher. TMF has lost support at the light blue trendline around $47.55, and bonds have sold off after Trump’s election victory. The current price action is considered “risk-on,” as traders are more interested in risky assets like crypto and stocks. They are getting out of defensive positions and are still bullish. While TMF has sold off, there is a rebound forming around $43.79.

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