Treasury Bonds miserable bear market brought its price down to the low $90’s.
But the recent rally appears to have some “trading” legs. By trading, we mean short-term and with managed risk (stop loss).
The recent consolidation breakout is targeting $110, which is our MFU-3 price target (MFU = Money Flow Unit). If price closes twice above that level, then we could see the MFU-4 price target at $116.
While the broader downtrend has been temporarily neutralized, bonds are still trading deep in bearish territory.
$TLT Treasury Bonds ETF Price Chart
Twitter: @GuyCerundolo
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