This chart is showing the short long term treasury ETF. What TBT is showing is that higher long term interest rates and risk of inflation is here. Look at the breakout on May 7th and the beautiful retest at the 20 day moving average to give a secondary buypoint. Interest rates will be rising and prices of treasuries will continue to decline. If you want to follow this trade look for a pullback to the 20 day moving average or around $53.