S&P compared to TLT
Updated
Alessio Rastani pointed this possible correlation out. I've just overlayed the two charts.
It seems like the SPX and TLT (20 year bonds) are inversly correlating the last few weeks. The TLT seems to be on strong support.
If this correlation is correct, and will hold for the future than this trend line on the TLT might be an important one.
It seems like the SPX and TLT (20 year bonds) are inversly correlating the last few weeks. The TLT seems to be on strong support.
If this correlation is correct, and will hold for the future than this trend line on the TLT might be an important one.
Note
The TLT is currently riding the rising support level (I could have drawn it a little clearer. I would say as long as it can remain above the 200 SMA, TLT is looking bullish (which means the S&P should be considered bearisch, if the negative correlation between TLT and S&P remains)
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