TLT spent 18 months going nowhere while institutions quietly piled in. This setup never looks obvious at the bottom.
This bond trade looks boring right before it stops being boring. $TLT – Accumulation with Macro Fuel! After falling 55% from its 2020 high, $TLT has spent the last 18+ months basing. During that time, weekly volume is up 40–60% vs. the 2015–2019 average, a strong sign of institutional accumulation at depressed prices! Technically: – …