TLT & SPY Inverse Correlation

Stock-Markets / Stock Markets 2016 Jun 08, 2016 - 04:25 AM GMT

By: Joseph_VanDerveer

Here is an interesting chart below showing TLT which is iSHARES 20 year plus Treasury Bonds exchange-traded fund.

The red arrows and comments represent major lows in SPY or QQQ's. The green arrows and comments represent major highs in SPY or QQQ's.

Taking that a bit further, we have a rising trendline with a possible breakout of the horizontal line acting as resistance.

Last and not least is the daily macd indicator at the bottom. Notice the potential consolidation and breakout.

Sometime these can fail, but it is worth watching and may add a piece of the market puzzle.

Joseph VanDerveer is the Chief Technical Analyst with 8 years experience in the trenches trading the markets with a brand new website and service at www.doubleplayoptions.com

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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