Fib retracement analysis TLT bounced off 0.5 and broke 0.382. Today, it is hitting the 0.382 fib resistance. Expecting it to come back down to 0.236
Expecting $TLT to go to around $154 before a small pullback with a start to a solid uptrend.
US10Y heading to negative by Q1 2021. The bottleneck of current economy is not lenders not willing to lend, but borrowers not willing to borrow.
Hello traders, Description of the analysis: Strong s/r zones. If the first support will be broken, it should mean support for shares. The VIX index, as the main indicator of panic in the markets, is also slowly beginning to gradually return to its normal values. Market ties that were valid yesterday may not be valid tomorrow, so invest and trade wisely and...
Whetever the Elliott wave count (triangle, flat,...), it looks like we are going higher...
Below 162 and this could be heading for a gap fill to lower, if it stays above then it could pop back up to 164 or higher, there were call sweeps for 4/17 at the ask of 175 (10k)
TLT is a 20+ year bond ETF that made strong highs throughout the rate-cutting cycle and rightfully so. The inversion of bonds vs the equity market has caused bond yields to drop and because of that since the price of bonds is directly inversely correlated to their yields, prices in TLT and other bonds have been increasing. The low rates have come to a halt as the...