Technical Analysis: Bonds Fly a Potential Bearish Flag Before Key Economic Data


Bonds have been in a steady downtrend all year. And now, after a period of consolidation, the iShares 20+ Year Treasury Bond ETF may be set to continue lower.

This main pattern on this chart is the modest rebound over the last three weeks. Given the preceding four months of downside, it could be a classic bearish flag . The current drop also represents a potential break of the flag, which could bring sellers from the sidelines.

Second, notice how …

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iShares 20+ Year Treasury Bond ETF (TLT), daily chart with selected events, courtesy of TradingView.
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