$TLT selling off to $138-141 before rallying higher
TLT looks to be close to finding a bottom. I could see TLT finding a bottom in the $138-141 range then basing for a couple of weeks before rallying higher in early November.
Key dates and levels on the chart.
My macro thesis is that we're at the start of a larger pullback in markets and money will flow to treasuries as a safety net. Dates align on both the S&P bottom and TLT top around March... Let's see how it plays out.
Key dates and levels on the chart.
My macro thesis is that we're at the start of a larger pullback in markets and money will flow to treasuries as a safety net. Dates align on both the S&P bottom and TLT top around March... Let's see how it plays out.
Kommentera:
Following the path so far... lets see what happens from here and what this could mean for markets
Kommentera:
TLT going higher as anticipated.
Kommentera:
Backtesting the breakout structure... let's see if we get a reversal higher. Markets looking pretty ugly here.
