Today’s Chart of the Day was shared by Brandon (@tradebettor). It's a daily candlestick chart of the 20+ Year Treasury Bond ETF, $TLT. Brandon points out that $TLT is back above its 200-day moving average for the first time in more than a year. The trend is still lower, but it's attempting to reclaim a key level around $109. This level has been tested several times in recent months, but it's proved to be resistance. If $TLT can finally clear this hurdle, it would open the door for further upside.
Chart of the Day - Friday, March 24th, 2023
March 24, 2023
