We may have seen the top for TLT

NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
TLT is getting interesting. In the weekly chart a big red candle is engulfing previous green candle. That may be a sign of trend reversal. In the monthly chart, price is in overbought territory ( RSI ). Also, there are two suply zones (4 hour).Today, even though price closed above the resistance line (thick blue line), volume did not follow the same path (OBV).

From here on, price may start going down. It is early to call, but we may have seen the top for TLT .

We will see.


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