The bond market, represented by $TLT, rallied back to last week's highs with an increase of 1.4%. $TLT experienced a significant bounce, opening above the year-to-date VWAP near 93. The recent dip in rates is likely due to this movement. There was a stall at the 1-hour top of the Value Area. Post-FOMC, $TLT surged to the 50-week moving average, potentially indicating a leadership shift compared to $SPY. Currently, $TLT is attempting to reach yesterday's highs, aiming to trade at a 3-month high.
The $TLT is now trading at a 3 month high. The $SPX was around 5,150 then. Fwiw.
$TLT trying to get back to yesterday's highs #bonds https://t.co/t4r7td8i4q https://t.co/dQBuD1uyzX
Mishโs Daily: Post-FOMC -Whatโs Next? $TLT $SPY $GLD the long bonds rallied right to the 50-week moving average and stopped. If TLT clears, note the Leadership chart. We would be concerned if TLT begins to outperform SPY. https://t.co/ncj5XZ8Kv4 https://t.co/ODOa98Aa7K
$TLT stall at 1hr top of Value Area https://t.co/BsK4DpwiJH
$TLT bonds big gap up with other risk on assets and set to open above YTD VWAP near 93, solid inverted H&S pattern on the daily as expected with the recent dip being bought up quickly and rates likely having peaked based on this small cap move
$TLT Monster bounce today. Wow. https://t.co/rSLlcu5ICA
$TLT rally & back to last week's highs , ind. +1.4% #Bonds https://t.co/2qMgQyRRcp