Selection on TLT from 1/6/2016 below. TLT closed at 122.59 that day, and as I type is above 127.
"Correspondingly, TLT was actually below all pivots yesterday but jumped above its JanP, Q1P and 1HP today. That means suddenly TLT is above 3 out of 4 pivots! Wouldn't it be funny for TLT to put in the best rally just after FOMC finally raises rates? Back under the Q1P / 1HP combo will scratch this idea, and TLT is still under its YP, but hey, with stocks trading this nasty TLT may continue to catch a bid."