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It’s been a tough year for bonds and the iShares 20-Plus Year Treasury Bond ETF (Nasdaq: TLT) as it continues to trade below its year open.
Today’s Federal Open Market Committee announcement might give light as to 2024 direction. Watch TLT’s response after the 2 p.m. ET interest rate announcement through the cash close and overnight.
With record volume accumulating at the bottom right of this weekly TLT chart below, history supports an uptrend for at least part of 2024.
Think and Win!
Celeste Lindman
Celeste Lindman Trading
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