
$TLT, the iShares 20+ Year Treasury Bond ETF, showed minimal movement recently, remaining flat after the release of the latest Federal Reserve minutes. Analysts are observing potential technical patterns, with some suggesting that the ETF may be approaching a critical resistance level near 100. If this level is reached, it could lead to a bounce in yields. Additionally, there are indications that the shares outstanding of $TLT might be experiencing a blow-off top, a pattern often associated with market reversals. Despite these concerns, one analyst expressed a bullish outlook, projecting a rise to 110 by the end of the year or sooner.
$TLT allergic to 100. But with that said, I like bonds. I like TLT to 110 by eoy or sooner.
Shares outstanding of $TLT is starting to look like a blow-off top, and you know how those end… https://t.co/yTLwyUOnmj
$TLT bonds maybe potential double top into that 100 level this week, would make yields bounce so something to watch
