US Long Bonds ETF

The Long Bond ETF, stuck within a well-defined range, is a magnet for traders. The neckline remains good support as heavy inflows always seem to materialize during the test. There's a lot leverage supporting the neckline, thus, price, so a run to the upper limit of the larger blue trading range would not be surprising. The brute force of leverage invariably wins over the short-term.

Please recall the long-term technical violation of the 1981 up trend as attention diverts to the short-term.

US Long Bond ETF (TLT)