Chart of the Day - Monday, September 8, 2025

🏆 Today's Chart of the Day was shared by @WallStWingman.
 

• The +20-Year Treasury Bond ETF ($TLT) is coming off its best week in more than a year, gaining +2.3% last week. It rose another +1.3% today, notching a four-day winning streak and its highest close since April.
   
• After peaking in 2020, $TLT has endured its longest and deepest drawdown on record. The trend continues to point lower despite the recent bounce, but it hasn't made new lows since May. 
   
• After reclaiming the Summer highs at $88 today, the next upside objective will be around $93, aligning with the YTD highs. The long-term trend remains messy, but if $TLT continues to bottom in the coming months, it will likely have significant intermarket implications.
   

The Takeaway: $TLT closed higher for the fourth consecutive day, building on last week's bounce. The recent thrust suggests a potential trend reversal is underway, but further confirmation is needed before a durable bottom has been established.