We have a nice convergence on week chart. Normally, bonds start rise half year before recession, so I expect in next 2-4 weeks it will start rising.
1 target - 115$
2 target - 121$
3 target - 135$
But it`s long term investing - 180-360days, so better to wait when it will start rise.
1 target - 115$
2 target - 121$
3 target - 135$
But it`s long term investing - 180-360days, so better to wait when it will start rise.
Note
Not much to say; still holding at $93 and remaining bullish. It's a good price to buy. The strong dollar may prolong the correction, but the targets remain valid. The period between March and May could very possibly see a strong manipulative move, and according to the inversion of bond yields, it is the perfect timing.Note
High Fed rate -> strong dollar -> weak TLT. The expectation about the Fed rate changed from 3-5 decreases this year to 1-2. As a result, we have seen a fall in TLT. Targets remain the same, but we will likely see them later, possibly by the end of the year or market unexpectedly will fall sooner.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.