Bonds, particularly the iShares 20+ Year Treasury Bond ETF ($TLT), have shown signs of recovery with a nearly 1% bounce observed on October 15, 2024, following significant put sales in previous days. Analysts noted a bullish engulfing candle at the volume shelf and an oversold Relative Strength Index (RSI), suggesting that bonds may have bottomed out. The bullish 80% rule for this week's Value Area is now in effect, indicating potential upward movement. Additionally, if $TLT closes green on October 16, it would mark the first instance of three consecutive green days since early September. Meanwhile, the S&P 500 Index ($SPX) may experience its first consecutive red days since early September, highlighting a rare trend in market movements.