The long bond (TLT) holds up above the low band of uptrend channel after the price pushed back into the channel.
The indicators gave a weak short-term buying signal last week. But for the long term, the bond price remains in a bear market and the major long term trend still should be down.
The current rally could be just a normal bear market rally. Our targets for this short-term rally remain the 94 and 96 lines.
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TLT – Long Bond – Daily chart
