April 16, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Extraordinary Move In Treasuries

Please click here for a chart of 20+ year Treasury bond ETF (TLT).

Note the following:

• The chart shows that TLT has fallen below the support/resistance zone.  This prior support zone has now become a resistance zone.
• The chart shows that after a breakdown below the zone, Treasuries have continued to fall.
• The chart shows a downward sloping trendline and a significant move lower away from the trendline.
• The chart shows that the down move is on heavy volume.