SPY/TLT ratio chart at monthly extremes

١٥ أغسطس ٢٠٢٣

Not calling a bottom in bonds here, but the extreme monthly RSI of this SPY/TLT chart is impressive. Bonds broke down again over the summer but may be forming a double bottom. Could bonds finally get a serious bid? This charts says it's possible, but exact timing may be difficult to do.

١٥ أغسطس ٢٠٢٣

ملاحظة

Bonds possible double bottom with weekly bull divergence