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icombs17
Apr 15, 2021 12:57 PM

Running into resistance soon. 

iShares 20+ Year Treasury Bond ETFNASDAQ

Description

TLT has been walking up this trendline since about mid March but watch out, the pink line is a well established longterm trend that could prove to be major resistance. If that trendline holds we could see a reversal in bonds which would cause a rise in rates.

Comment

We have ran right into the resistance line as well as the 50 MA on the daily, looking for a turnaround in this area.

Comment

Found another trendline i like better, this could run up to 142.
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