TLT tends to bottom at the same level of TLT/XLE

TLT seems to bottom at a consistent level of the ratio of bonds to energy represented by TLT/XLE. TLT is currently at the level associated with macro bottoms and the start of major bond market rallies.
bondsChart PatternsTechnical IndicatorstbillsTLTtreasuriesTrend AnalysisUS10YUS20YUS30YXLEyields

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