The 10-Year Treasury Notes Price has been in a pullback retracement since 2009 began, but a clear triangle pattern has now formed and price is reaching the apex. Let’s look. Price made a new high over $130 in late December, though we’ve seen a distinct retracement off this level ever since. Although I haven’t shown…
I thought that had a catchy name – ABC on TLT. What it means is that we’ve had a clean Elliott Retracement phase on the 20-year bond fund TLT after the sharp rise going into 2009. Let’s see these developments and what it might mean. TLT Daily Chart: The TLT Fund broke out of consolidation…
Yesterday, I examined the 10 Year Note, commenting that it had broken resistance. Now, let’s look at two bond funds to see how prices are being affected, and also view a strong correlation between the 10 Year Note Yield and the S&P 500 Index. First, the TIPS Bond Fund: iShares writes: The iShares Lehman U.S….