Previously, mentioned about how TLT, UST10Y and SPY have a special relationship where the former two leads the latter. And overlaying the SPY on the TLT daily chart, there is a warning given…
That TLT is heading down given that it failed a resistance level at 98, and more recently at 95. Support is at 93, and failing this brings TLT near its recent low.
The MACD is turning down, while the Vol Div clearly crossed down.
Oddly enough, while the correlation between SPY and TLT is uncanny, the SPY is still far off it’s recent low. A suggestion to manage risk surely? Hint hint.
IMHO, this another indication that the SPY is revisiting its last low… especially when TLT does that soon.
That TLT is heading down given that it failed a resistance level at 98, and more recently at 95. Support is at 93, and failing this brings TLT near its recent low.
The MACD is turning down, while the Vol Div clearly crossed down.
Oddly enough, while the correlation between SPY and TLT is uncanny, the SPY is still far off it’s recent low. A suggestion to manage risk surely? Hint hint.
IMHO, this another indication that the SPY is revisiting its last low… especially when TLT does that soon.
