ISHARES 20+ YEAR TREASURY BOND ETF

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed and emerging markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features one of several great chart analysis that were highlighted in the review section from the previous Global Equity Markets report.

ISHARES 20+ YEAR TREASURY BOND ETF (TLT.O)

An important chart development is taking place on the long-term U.S. Treasury Bond ETF. The iShares 20 + Year Treasury Bond ETF (TLT) formed a hammer candlestick at an important support level on the weekly scale chart. I pay attention to bullish and bearish candlestick patterns at important support and resistance levels as they might signal possible reversal. While the long-term chart of TLT might be in the process of forming a massive top reversal, in the short-term on the weekly scale chart there is a possibility of a rebound from the support level at 116.6 levels.

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