Two times in the past 7-weeks the S&P 500, on a weekly basis, has created bullish reversal patterns (bullish wicks) at 2-year horizontal support.
At nearly the same time, the interest sensitive iShares 20+ Year Treasury Bond Fund (NYSE:TLT), a government bond ETF and Utilities (via Utilities Select Sector SPDR (NYSE:XLU)) have created bearish reversal patterns (bearish wicks) at resistance lines.
Potential message here, multi-month trend reversal could be in the making.
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