NASDAQ:TLT   ETF Ishares 20+ Year Treasury Bond
In 18 years RSI and OBV have not been this low. RSI around 35 and OBV negative 5 billion. That's 4 times lower than the normal lowest figure. Something happened after January 2022. A war started. A capital war? After the peak in January 2020 it's been all downhill since then. Will RSI and OBV find support here? Where is the bottom? Does the 40 year bull market in bonds end with a whimper or does it go out with a bang? Are there some things that people should not worry about? Can you have yeilds going up like they have and at the same time a fiscal deficit that seems to be out of control? If the world's safest asset isn't safe what is? If bonds are this volatile can they fulfill their purpose? If one person's debt is another person's asset shouldn't it adhere to the principles laid out by Aristotle 2000 years ago? Who wants an asset when it's value cannot be guaranteed? Don't worry be happy! Avoid TLT until these indicators start to reverse and at least show some signs of improvement. Maybe the US election result will give us the required direction. Until then I remain unconvinced.

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