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the_sunship
Aug 15, 2023 7:28 PM

SPY/TLT ratio chart at monthly extremes 

SPY/TLTArca

Description

Not calling a bottom in bonds here, but the extreme monthly RSI of this SPY/TLT chart is impressive. Bonds broke down again over the summer but may be forming a double bottom. Could bonds finally get a serious bid? This charts says it's possible, but exact timing may be difficult to do.

Comment

Bonds possible double bottom with weekly bull divergence
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