The selloff in US Treasury bonds has been intense. And it has rattled the financial markets.
Last week, we provided an update with downside targets for the 20+ Year US Treasury Bond ETF (TLT). One of those extreme downside targets has been hit, which has changed our stance from bearish to neutral (perhaps even short-term bullish for traders).
Today we provide an updated chart highlighted those levels again. Note that (as stated in our previous article) the MFU-4 extreme target is hit only 30% of the time. So if price continues lower, then that is the next objective.
That said, the decline has been steep and momentum is getting oversold.
$TLT – 20+ Year US Treasury Bond ETF Chart
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