Long bonds USA TLT. Long for longer. I never really traded this before. But from the chart perspective and all talk about lowering rates. This one sure seems interesting on the weekly chart.
Volume and RSI divergence, plus OBV balances higher up.
Even oversold on monthly RSI.
Last two weeks candels has also been bullish.
Maybe?
Will hold this for some time. I think.
IBTL trade ideas
The Big Bond Bear30+ Year USTs forming a clear inverted cup and handle. With stocks pushing upwards this is destined to fall. First target 455.
I'm actually bullish USTs because there is still the election on the way, it's a nice hedge as part of my portfolio but I won't fight the price action here.