Originally Posted on InformedTrades
TLT, an ETF that tracks 20+ year Treasury bonds, closed the week with a strong up day that tested a key resistance level. The chart below illustrates.
https://www.tradingview.com/x/yx61qkLx/
If we are in a deflationary cycle, we may see the US dollar and US treasury bonds continue to strengthenand display an uptrend in price. This may also coincide with a decrease in the interest of US governmentbondsas notable bond investor Jeff Gundlach recently suggested in an interview. If this does happen, we may see TLT test 132, the resistance seen on the weekly chart below.
https://www.tradingview.com/x/gDPt6Nyi/
What do you think?
TLT, an ETF that tracks 20+ year Treasury bonds, closed the week with a strong up day that tested a key resistance level. The chart below illustrates.
https://www.tradingview.com/x/yx61qkLx/
If we are in a deflationary cycle, we may see the US dollar and US treasury bonds continue to strengthenand display an uptrend in price. This may also coincide with a decrease in the interest of US governmentbondsas notable bond investor Jeff Gundlach recently suggested in an interview. If this does happen, we may see TLT test 132, the resistance seen on the weekly chart below.
https://www.tradingview.com/x/gDPt6Nyi/
What do you think?