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The_Pain_Trade
Mar 27, 2023 8:48 PM

TLT Looking heavy Short

iShares 20+ Year Treasury Bond ETFNASDAQ

Description

TLT was down 2.35% on the day. If it can break the horizontal support, look for rates to rally and TLT to fall further. It has already broken rising trend support. If rates do continue to rally look for this to have a negative effect on tech stocks whose cashflows are highly sensitive to changes in the discount rate. All eyes now on the Fed. Lets see who blinks first them or the bond market.
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