fredpui

$TLT another wave down ???

Short
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
An updated review on TLT - it has been going sideways for the last 2 months and where is it going ?

My forecast is - downside has a higher probability.

Wave 1 took about 224 days down and the retracement up to 50% took 124 days.

This seems like the perfect setup for a short. Michael Burry also predicted the crash of TLT.


lets see how this pans out.


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.