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TBT Bull Flag. MACD + RSI Divergence

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AMEX:TBT   ProShares UltraShort Lehman 20 Year Treasury
TBT, the Long Rate Fund; Or short TLT fund is showing signs of strength on the MACD and RSI; with divergences. The previous month saw high volume indicating interest around the current price levels. It is sitting at the 200 SMA. Currently much of the market is pricing in rate drops. However, we have have FOMC on May 2nd, and have been hearing roomers of another rate hike by the FED. If this happens, TBT will likely go up, confirming the divergences on the graph, and breaking out of the current wedge.

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