Rising interest rates has created a decline in treasury bonds not seen in modern times.
Well, they say crisis equals opportunity.
This may be the case today as we look at a long-term “monthly” chart of the 20+ Year Treasury Bond ETF (TLT).
As you an see, it has been a rough 3-years! And the crisis now has TLT testing 20-year trend support at (1).
It’s still early in the month, but TLT is attempting to form a bullish reversal at (1) while the Relative Strength Index (RSI) could be forming a higher low.
Opportunity for treasury bonds and TLT? If not, the crisis most likely gets MUCH worse. All eyes on support here and stay tuned!
$TLT 20+ Year Treasury Bond ETF “monthly” Chart
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