$TLT Monthly has a bearish crossover
As rates rise, TLT showing more and more weakness by the day and is testing critical support levels. While the month isn't over we have produced an aggressive crossover sell signal. If inflation expectations and rate rises / QT continue to come to fruition I would expect rates to continue to rise. Which is a bubble / stonk headwind.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.