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 TECHNICALS
US Treasury Bond TLT ETF: At Technical Crossroads? 
​July 7 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.

​​Looking especially at a Weekly chart on the TLT ETF ​(iShares
​20+ Year Treasury ​Bond ​ETF), ​we can observe that we​ are above 
​the resistance trendline of a huge Rising Wedge that started
​back since the week of ​August 24 2015.
(See Chart Below - Grey Trendline)

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 chart below - Top Thick Red Trendline - Ellipse)

​​​​​​But few realize that as the TLT 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.

It is becoming a Critical Week technically speaking for the TLT ETF as we are testing the Major Resistance Trendline that started back since December 2008. (See Chart Below - Top Thick Blue Trendline - Ellipse)

So this week is a crucial test as we will make the difference between a Major Top in price or a Major Breakout for the TLT ETF.
​​​
​​​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: At Technical Crossroads?   $BONDS $TLT  #Trading #bonds  #investing #tlt
WEEKLY 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 )​

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