Rising interest rates have created a decline in treasury bonds not seen in modern times.
Well, they say crisis equals opportunity.
This may be the case today as we look at a long-term “monthly” chart of the 20+ Year Treasury Bond ETF.
As you can see, it has been a rough 3-years! And the crisis now has TLT testing 20-year trend support at (1).
It’s still early in the month, but TLT is attempting to form a bullish reversal at (1) while the Relative Strength Index (RSI) could be forming a higher low.
Opportunity for treasury bonds and TLT?
If support fails to hold at (1), the crisis in bonds reaches new levels of panic and concern.
All eyes are on support here and stay tuned.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.