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

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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 …

For more, please click here to view the related idea and chart analysis on TradingView.

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

About the author

David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.