On this daily chart of the ratio of TBT ( Treasury Bills Bearish ) to TLT ( the inverse Bullish)
over time. This serves to accentuate shifts in prices from factors affecting them both but
with opposite effects. Federal actions or even reports of economic data are some
of those factors.
This chart shows that about November 1st, TBT ad topped out and fell. They are inverses
of one another . What makes one go down will make the other go up and viceversa.
By February 1, TBT bottomed out and the ratio reversed. The cycle took 3 months.
On a lower time frame, cycling would be more frequent.
At present, it would appear to be time to sell TLT and / or buy TBT
What applies to the TBT /TLT ratio would also relate to TMV / TMF as a ratio.