The daily chart of TLT, the Treasury Bond ETF had broken out of a triangle pattern two weeks ago, retested recently and started to take off. Global fund flows also corroborate inflows into bonds, even as the equity markets push higher and even historical highs for the Nasdaq.
The rise in bond inflows is signaling an imminent bearish sentiment building up, and the tide is turning.
Clearly aligned to and supportive of previous posts on Es1! and IWM as well.
This TLT breakout is supported with the MACD, and projections put an upside target in mid-September.
The rise in bond inflows is signaling an imminent bearish sentiment building up, and the tide is turning.
Clearly aligned to and supportive of previous posts on Es1! and IWM as well.
This TLT breakout is supported with the MACD, and projections put an upside target in mid-September.
