TLT - Intermediate BUY Set-Up
Updated
Here is my road map for TLT... T-Bonds
This will have significant ramifications across many correlated markets. Think ES, DXY, Gold etc...
I believe we close to embarking on a C wave move up to the opposing upper channel line. This could take on a variety of shapes/slopes. Time will tell.
The bigger move ahead is down... although the move ahead will be worth participating in.
See my published ideas linked below covering TBonds yields and ES/SPX pathways related to this supposition.
Weekly view of TLT here:
This will have significant ramifications across many correlated markets. Think ES, DXY, Gold etc...
I believe we close to embarking on a C wave move up to the opposing upper channel line. This could take on a variety of shapes/slopes. Time will tell.
The bigger move ahead is down... although the move ahead will be worth participating in.
See my published ideas linked below covering TBonds yields and ES/SPX pathways related to this supposition.
Weekly view of TLT here:
Note
Update pre-NFP. Ideally there is one more wave up on yields. Perfect buying set-up for TLT...Note
10 Yr yields close to putting in a bottom Note
10 yr Bond reaching potential wave 4 channel line.We either reverse coarse soon or yields continue to drop
Note
We've essentially filled in the channel since last update. I'm continuing to expect a 5th wave down in the 10 yr. 10 year yield chart:
Related publications
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.