This Rubber Band Looks Ready To Snap Back

Possible profits for those willing. [Jeff Clark's Market Minute]( This Rubber Band Looks Ready To Snap Back By Jeff Clark, editor, Market Minute We didn’t get the bounce in the Treasury bond market I was looking for [one month ago](. The prices of risk-off assets have fallen right along with the stock market. In fact, some folks will argue that it’s the relentless decline in Treasury bonds that’s causing the angst in stocks. Government bonds were oversold one month ago. They’re more oversold today. Now though, they seem to be in a better position for a bounce. Recommended Link [Shameful! See What Biden and the Democrats Just Did To YOUR Money]( [image]( The U.S. House of Representatives voted to let the IMF circulate what could be a new elite-controlled reserve currency. Its exchange rate could effectively devalue the U.S. dollars in your pocket and your savings. It’s all part of a disturbing agenda called the “Great Reset,” endorsed by the likes of Alexandria Ocasio-Cortez and radical liberals, under the guise of “equality.” How can you protect your money and all you’ve worked for from this reset? [See this briefing on what to do next]( -- Take a look at this updated chart of the iShares 20+ Year Treasury Bond Fund (TLT)… At the low last week, TLT had given back all of its gains from over the past year. It was testing [support]( near $138 per share. And, it was quite stretched below its blue 50-day [moving average]( (MA) line which was at about $150. TLT rarely strays more than 5%, or so, from its 50-day MA before reversing back towards the line. At $138, TLT was about 9% below the line. So, the proverbial rubber band is likely to snap back soon. TLT bounced off of support late last week and immediately ran into [resistance]( near $143. Resistance held, and TLT has drifted lower this week – closing Wednesday at just about the middle between support and resistance. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. This action is setting the stage for a possible bounce. You see, if TLT can hold above last week’s low, then it will form a “higher low” on the chart. That’s the first step to establishing a tradable bottom. Then, if TLT can rally above last Friday’s high of $143, the chart will form a “higher high.” That step will confirm that, at least, a short-term bottom is in place. [The 3-Stock Retirement Plan: How to Retire Rich From Just 3 stocks]( From there, TLT should be headed back up towards its 50-day MA near $150. That’s not going to start a new bull market in Treasury bonds. But, it could create a nice short-term profit for traders willing to take the trade. Best regards and good trading, Jeff Clark Mike’s note: Mike Merson here, Jeff’s longtime managing editor. I’m writing to tell you about [an exciting event happening next week](... Next Wednesday, March 10 at 8 p.m. ET, our colleague and master hedge fund trader Larry Benedict will reveal an unusual trading secret. It involves a 7-day period where market volatility tends to rise – and the potential for gains along with it. The last two times Larry recommended trades during these weeks to his subscribers, they wound up rising by 184% and 212% in just a matter of days. The biggest surprise? He does this by trading [just one unassuming ticker](. [Just sign up for the event right here to make sure you’re in the know](. 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