TLT is confirming a bottom, with hardware nervousness strengthening that confirmation; it has recaptured the 7877 line it keeps bouncing off. TLT would rally on an Iran deal.

So, the more people get nervous about hardware, the more TLT actually confirms its bottom. Look at that. We just recaptured the 7877 line, which is an insane line right here that, you know, we go back on the week chart. We keep bouncing off of.

I actually think bonds go burr on an Iran deal. TLT goes burr on an Iran deal.