30 year U.S. Treasury near resistance
It seems too obvious to short Treasuries in light of Friday’s downgrade, but market selloffs have historically resulted in rising Treasuries. Which will it be from here? The TLT (long 30 year Treasury ETF) chart shows it up against resistance with a pretty sizeable bearish “wick” on last week’s candlestick.
Is it time for some TBT (2x short 30 year Treasury ETF)?
UPDATE, 1 day later: Hells no.