TLT to continue cratering into October before bouncing.
TLT has seen nothing but red for months - that won't end as it continues to fall and should hit 90 in the next month. This could trigger a credit event or perhaps the data starts coming around that shows the Fed's October meeting will be dovish and slowly return the price toward 98-100 by February.
Trade closed: target reached
Target met and exceeded, expecting a short term pop. Things can't fall like a rock. We are nearing the end of the Fib circle as well which could indicate a change in trading behavior. This may coincide with a dovish statement from the Fed if things get worse.
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.
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.