$TLT: Keep an eye on this
$TLT has reached the end of a huge weekly and monthly down trend, and made me think it could be a long lasting bottom for fixed income here. Question is: Does this low hold after the next FOMC or not?
The daily chart shows a setup where a daily uptrend is set to expire by tomorrow, which could mean the current advance is over, or, perhaps, it needs some time sideways to build for a new move to the upside over time. If you can figure out what bonds will do, you have pretty big odds of getting all the rest right overall, so I'm extremely motivated to figure out what comes next here.
Keep an eye out for the daily signal outlook here, and be on guard for a weekly scale breakout to the upside to buy or add to existing longs.
Cheers,
Ivan Labrie.
The daily chart shows a setup where a daily uptrend is set to expire by tomorrow, which could mean the current advance is over, or, perhaps, it needs some time sideways to build for a new move to the upside over time. If you can figure out what bonds will do, you have pretty big odds of getting all the rest right overall, so I'm extremely motivated to figure out what comes next here.
Keep an eye out for the daily signal outlook here, and be on guard for a weekly scale breakout to the upside to buy or add to existing longs.
Cheers,
Ivan Labrie.
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Was correct...
