A very pivotful moment in the future of the world economy will be represented by TLT's move over the next weeks.
The RED FALLING WEDGE shows a short term bearish path. This will be indicative of a major bubble as all stocks move higher. A market crash will occur after, TLT will gain in price after the red falling wedge completes.
The GREEN UP TREND LINE IF THIS LINE IS ABLE TO HOLD and we see TLT bounce off the line once again. This bullish path for TLT will mean bad things to come for the economy. It looks like it can go down for the first weeks of January and then rebound.
Will be very interesting to see how this plays out and I think everyone with skin in the game should be watching too
The RED FALLING WEDGE shows a short term bearish path. This will be indicative of a major bubble as all stocks move higher. A market crash will occur after, TLT will gain in price after the red falling wedge completes.
The GREEN UP TREND LINE IF THIS LINE IS ABLE TO HOLD and we see TLT bounce off the line once again. This bullish path for TLT will mean bad things to come for the economy. It looks like it can go down for the first weeks of January and then rebound.
Will be very interesting to see how this plays out and I think everyone with skin in the game should be watching too
Note
I would consider that green uptrend line still valid.
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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.