TLT - The Beginning Of The End
TLT has broken to the downside here.
Upside rejection and now probable collapse show that March 2020 was a blow off top and TLT is falling into a bear market.
200Dma will likely break soon and will be a technical bear market.
Retracement from the top rejected in the 0.382 area which is weak and spells doom and gloom.
We'll see how things develop but right here it looks like Burry was correct yet again.
Not advice.
Upside rejection and now probable collapse show that March 2020 was a blow off top and TLT is falling into a bear market.
200Dma will likely break soon and will be a technical bear market.
Retracement from the top rejected in the 0.382 area which is weak and spells doom and gloom.
We'll see how things develop but right here it looks like Burry was correct yet again.
Not advice.
Comment:
Comment: If price trends below the 200Dma it is a technical bear market. For many that crossover is a cue to sell. Its not looking good.
Comment:
Evening star to conclude the month. That is a very bearish candle pattern and say what you want but its going to $113.
Comment:
This is a now a very obvious ABC zig zag as price accelerates downward. Price will hit $113 and maybe around next summer.
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