Treasury bonds, represented by the ETF $TLT, have experienced a significant pullback over the past week, declining for seven consecutive days. Despite this downturn, there are signs of potential recovery, with $TLT turning green on September 23 and 24 and trying to hold above the September Value Area. Analysts suggest that the 50-day moving average could serve as the next support level for bond bulls. Market participants are closely watching for a bounce, with some predicting a rise to the $100-$101 range, which could yield 1-2 bags on weekly calls. On September 24, $TLT moved from big red to modest green.