You typically see a migration to TLT when people are looking for a safe haven from troubled markets
I posted about TLT previously and thought we were about to see a rush to the trade because of potential market weakness
Well as we know this Bull market continued to show legs and subsequently TLT has been grounded on the launching pad
The market is yet again showing classic signs of topping
Are we saying that the market is about to crash? NO..not yet
What we are saying is that liquidity is leaving the equities markets in droves and TLT will most likely be a place where that liquidity finds a home
So pay close attention to TLT over the next 6 months because its going to tell you everything you need to know about this bull market
I posted about TLT previously and thought we were about to see a rush to the trade because of potential market weakness
Well as we know this Bull market continued to show legs and subsequently TLT has been grounded on the launching pad
The market is yet again showing classic signs of topping
Are we saying that the market is about to crash? NO..not yet
What we are saying is that liquidity is leaving the equities markets in droves and TLT will most likely be a place where that liquidity finds a home
So pay close attention to TLT over the next 6 months because its going to tell you everything you need to know about this bull market
Trade active
Oh and for my chart pattern people...how do you like that inverse head and shoulders?
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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.
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.