23.4 C
New York
Wednesday, November 6, 2024

Historic Bond Rally About To Reverse Direction?

Courtesy of Chris Kimble

Government bonds have experienced a massive rally over the past 4-months. Could the bond rally be over or is it ready to take a breather? Possible!

Government Bond ETF (TLT) has rallied over 15% in the past 16-weeks at (1). This rally is the 3rd largest 16-week rally in the past 16-years!

The rally in TLT has it testing the top of its 8-year rising channel and it is kissing the underside of a rising resistance line at (2).

When you combine the performance of TLT and the dual resistance in play, it increases the odds its time for TLT to at least take a breather. 

It remains possible this is a price zone that in important reversal in TLT takes place.

To become a member of Kimble Charting Solutions, click here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,515FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x