$TLT selling off to $138-141 before rallying higher
Updated
TLT looks to be close to finding a bottom. I could see TLT finding a bottom in the $138-141 range then basing for a couple of weeks before rallying higher in early November.
Key dates and levels on the chart.
My macro thesis is that we're at the start of a larger pullback in markets and money will flow to treasuries as a safety net. Dates align on both the S&P bottom and TLT top around March... Let's see how it plays out.
Key dates and levels on the chart.
My macro thesis is that we're at the start of a larger pullback in markets and money will flow to treasuries as a safety net. Dates align on both the S&P bottom and TLT top around March... Let's see how it plays out.
Comment
Following the path so far... lets see what happens from here and what this could mean for marketsComment
TLT going higher as anticipated.Comment
Backtesting the breakout structure... let's see if we get a reversal higher. Markets looking pretty ugly here.
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