FINANCIAL ICEBERG
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 TECHNICALS
US Treasury Bond TLT ETF: Critical Week? 
​June 16 2016  ( From Tradingview, Bloomberg  )
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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 within a huge Rising Wedge that started 
​back since the week of ​August 24 2015. (See Chart Below)

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 speeking for the TLT ETF as Bulls need to protect the previous Breakout Trendline (See Chart Below - Top Thick Red Trendline - Ellipse) and ideally challenge the new resistances; the first is obviously coming from the Rising Wedge (See Chart Below - Grey Trendline - Ellipse), the second is the ultimate previous top at 138.50.

​​​We will have to monitor carefully in the next few trading sessions as we complete the week...








US Treasury Bond TLT ETF: Critical Week?  $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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