Mar 14, 03:49 PM

Bond ETF $TLT Hits All-Time Low Relative to $SPY, Analysts Warn of Overreaction and Potential 20% Drop After Death Cross

The bond ETF $TLT has experienced a six-day decline, reaching an all-time low relative to the $SPY. Analysts note the possibility of overreaction to the downside, with key support at 92. A 'Death Cross' formation has occurred, signaling a potential significant drop in value.

Written with ChatGPT (GPT-3).

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Barchart@Barchart
2 years ago
$TLT just formed its first Death Cross since June. It fell 20% in the 4 months following the last Death Cross. https://t.co/QT3luKg3Np
Michele 'Mish' Schneider@marketminute
2 years ago
Converging moving averages often yield big moves. $TLT possible over reaction to the downside breaking below the MAs. 92 remains our line in the sand support. https://t.co/wfQG4ERTM3
Michele 'Mish' Schneider@marketminute
2 years ago
Bulls want to see a bounce back over the moving averages. Under 77 expect bears to be in charge. Under 76.50 a sea change. $HYG https://t.co/e2w677ohnx

Bond ETF $TLT Hits All-Time Low Relative to $SPY, Analysts Warn of Overreaction and Potential 20% Drop After Death Cross

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