Anytime the weekly on TLT has gotten this oversold we have been at or near a bottom.
Maybe Nation is getting too crowded and GOLD which follows TLT closely is sniffing this out.
The "Big Short" is buying call options on 3X levered Short Treasury ETFs, what could go wrong?
From a technical perspective on of my favorite setups is a long trending channel with a large
overthrow of the channel which puts in a buying or selling climax. You look at 10yr 30yr
treasury yield charts you have a good channel down from early 80's with a massive capitulation spike
into covid lows. Too me, that looks like and huge selling climax (bond buying climax)
So I feel we could have seen the end of the bond bull, but nothing goes in a straight line.