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 TECHNICALS
US Treasury Bond TLT ETF: The Jackson Hole Experiment? 
​August 24 2016  ( From Tradingview,  )
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The Situation

​​Since the beginning of the financial crisis, the Federal Reserve ​has ​
​been obliged to ​inject ​tons of liquidity into the system. ​Financial
​​assets like the US Treasury Bond ​had a very ​good ​performance ​indeed.

​​​​​​But few realize that as the TLT ETF (iShares 20+ Year Treasury Bond ETF)
​continue to defy gravity as most ​managers ​were quite ​bearish on US rates
​since the beginning of the ​year.​. As rates all over ​the world ​continue to
​tumble, US rates remains ​one the highest quality at the ​highest rates
​available with still some
​good relative liquidity.

​​​​​​As TLT ETF continue to perform well and hold well technically speaking,this week ​Jackson Hole Economic Policy Symposium could become the Ultimate test on Bonds.

TLT ETF is now evolving on a Daily basis within a Falling Wedge that started back since July 8 2016, date which we had the technical breakout on SPY ETF and the Ultime Peak Price on TLT ETF.
We did test the Resistance Trendline of that Falling Wedge on August 23 but failed to break yet.
(See First Chart Below - Blue Trenline - Ellipse)
​​
​​​​Looking especially at a Weekly chart on the TLT ETF ​(iShares 20+ Year Treasury ​Bond ​ETF), ​​​​we can observe that we broke on on the week of June 6 2016 a Major Resistance Trendline that started ​back ​since the week of January 26 2015​ which was the ​previous big peak in price ​at 138.50 ​o​n TLT ETF.
(See Second Chart below - Middle Thick Red Trendline)

After that, we had ​​​​
the failed break out on the July 4 2016 week (See Second Chart Below - Red Trendline - Ellipse),
​we​ are still above 
​the support trendline of a huge Rising Wedge that started back since the week of ​
​August 24 2015.  ​
(See Second Chart Below - Blue Trendlines)

It is becoming a Critical Week technically speaking for the TLT ETF as we are stuck into that wedge and ready to break it; is the Jackson Event will then become the Jackson Hole Experiment.

​​​​
​​​We will have to monitor carefully in the next few trading sessions as we complete the week:
​ as we can say, TLT ETF is definitively at Technical Crossroads...






US Treasury Bond TLT ETF: The Jackson Hole Experiment?    $BONDS $TLT  #Trading #bonds  #investing #tlt #rates
WEEKLY Chart (Candles)
 TLT ETF (​ iShares 20+ Year Treasury Bond ETF )

Volume ( Bottom Blue Area )​

Financialiceberg.com
DAILY Chart (Candles)
 TLT ETF (​ iShares 20+ Year Treasury Bond ETF )
​20 DMA ( Yellow Line )
​50 DMA ( Red Line )​
200 DMA ( Green Line )​

Volume ( Bottom Blue Area )​

Financialiceberg.com