Regarding TBT “if the price action can push through the swing high and 50-day MA, then we could potentially see a multi-week bounce into the $68 – $70 level, where there is resistance from the last base that formed back in February,” adds Wagner.
TBT is up 2.3% this month while the Direxion Daily 20-Year Treasury Bear 3X Shares (NYSEArca: TMV) is higher by 3.3%.
ProShares UltraShort 20+ Year Treasury
ETF Trends editorial team contributed to this post.