TIPS Bond ETF in uptrend
As we can see in the chart, TIP – the iShares TIPS Bond ETF – traded above all three moving averages throughout May. In addition to that the 10-day exponential moving average is diverging from the 20-day exponential moving average as bullish momentum is building up.
Price is currently in a very bullish rally as it trades along the upper Bollinger Band with a series of bullish candlesticks and gaps.
Of course MACD is already printing this bullish momentum buildup as it has moved above its signal line and is moving away from it.
Finally, TIP’s Relative Strength moved above its 20-day exponential moving average in early May and is currently diverging from it as it gets stronger.