iShares 20+ Year Treasury Bond ETF (TLT) Down 3-Straight

The iShares 20+ Year Treasury Bond ETF (TLT) extended its losing streak to 3-straight sessions following the pullback to $139.71. Prior and upper support from mid-September at $140-$139.50 was breached but held. A close below the latter reopens downside risk towards the $138-$136 area.

Lowered resistance is at $141.50-$142 with additional hurdles at $142.50-$143 and the 50-day moving average

RSI is in a downtrend with support at 40. A close below this level would signal additional weakness towards 35-30 and the mid-September low. Resistance is at 45-50.