TLT – A Date With Destiny
Anyone so inclined to have a 60/40 portfolio or at least some portion of fixed income in one’s holdings has a good opportunity to take a position in the TLT ETF.
The chart of the TLT (20+yr Treasuries) should complete an inverse H&S bottom on Tues. around 93.30.(200 day mvg. avg.) It dipped a few cents below, this morning, but there shouldn’t be much more downside between here and Tuesday.
This may turn out to be a trade(although it should last for months if not years) since the economy will slow and the FED will cut this year and next. (This is not investment advice, just my opinion.)
Looks like a nice short set-up to me. Gapping nicely down through a complex of now declining moving averages after progressively failing to sustain rises above said moving averages. (lower peaks) Looks like give it up time…
https://stockcharts.com/h-sc/ui?s=TLT&id=p11954229773&listNum=43
Maybe, but my count doesn’t call for the final bottom until Tues. I will see then if it holds or has broken down.