Now that some time has passed, I have redrawn my TLT trendlines. This time, I am using the channel tool, which by definition demands the prices be confined within perfectly parallel lines.
It looks quite clean, if I may say so. I particularly like the price allegiance to the midline.
Relatedly, please note how banks (XLF) have broken to lifetime highs.
Likewise, utilities (XLU) have done the same, although with less gusto than banks.
