In today's trader tip video, Chris Vermeulen of The Technical Traders dives into the bond market charts.
There’s an interesting opportunity starting to come about with the bond market. Since late 2018, most people have been fleeing from bonds, panicking about the massive selloff.
If we zoom in on the more recent bond price action, we can see that we’ve got a very significant bottoming type of formation starting to happen here. We are on a verge of a breakout that will be a fairly significant one. Overall, we could see bonds come back into favor, and a lot of people may be caught off guard.
Watch the video below for more on iShares 20+ Year Treasury Bond ETF (TLT).