TLT lost around 11% so far from its all time high. MACD turned negative, RSI broke support. Price uptrend is intact if the red support can hold.
Fundamentally I believe this is a technical correction instead of the start of a bear market, and thus next leg up is still possible (pending how it acts on the red support, hold or break). The reason is Fed simply cannot raise rate no matter how many talking heads talking the talk, given the already strong dollar, low inflation (official core), dismal commodities, and national/corporate/household debt level.
Fundamentally I believe this is a technical correction instead of the start of a bear market, and thus next leg up is still possible (pending how it acts on the red support, hold or break). The reason is Fed simply cannot raise rate no matter how many talking heads talking the talk, given the already strong dollar, low inflation (official core), dismal commodities, and national/corporate/household debt level.