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TLT and IEF remain inside of their falling channels. Yesterdays large stock market decline did not cause these bonds to breakout, all they did was hit resistance. These govt bonds need to break to the upside to send a bearish signal to stocks. Watch this channel and Dollar resistance very closely.
Is the above chart showing a rising wedge, which is usually bearish which could also be good for equities if it happens or am i reading it differently?
Also, on a separate note, wanted to ask you if it is possible to know about the premium membership?
It is not always correlated. Check out 2008-09. Bonds peaked several months before stocks bottomed in 2009. Long bonds are also an asset class. If people need liquidity long bonds will be sold off.