Loading ...Bond Cycle Update
I have TLT on Day 8 of its current Trading Cycle (18-24 days on average) and it topped on day one and has failed.
TLT has also quickly retraced more than 38.2% of the move thus far so it looks like the failed Trading Cycle is leading us into the next Intermediate Cycle Low. Normally IC Lows breach my longer Intermediate Cycle trend line which would imply a drop into the 62% range.
Seems Bonds are pricing in a potential rate increase here or at least a hawkish FMOC statement.
