The iShares 20+ year Treasury Bond exchange-traded fund (TLT) is a liquid ETF, where one can take a view on the direction of interest rates and also know something about the volume flows that one might only see if they worked for a primary dealer.
Let's check out a few charts.
In this daily bar chart of the TLT, below, we can see that prices made a six-month distribution pattern from July to the end of December. Prices have broken out to the down below the October low. TLT is trading below the 50-day and the 200-day moving averages. The 50-day line is ready to break below the 200-day line for a bearish dead or death cross sell signal. The On-Balance-Volume (OBV) line has been weak since September.
The Moving Average Convergence Divergence (MACD) oscillator is bearish.