TLT to continue cratering into October before bouncing.
Updated
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.
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