SPYvsGME

TLT Inverse Head & Shoulders

Long
SPYvsGME Updated   
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
I was too busy singing the Bull Blues yesterday to notice.

Today had flipped upside down to form a 15m Inverse Head & Shoulders on TLT.

Price target is 102.13

I was worried all hope of a bullish start to the new year was lost.

Jan 10 will be the next date to put on on my Calendar.

Comment:
Stocks may just dance the tango with DXY for awhile longer.
Comment:
May have called this one too early.

I apologize. I usually wait until after a H&S has the neckline tested before posting.

The shoulder is still in play if we have a positive day today.

Comment:
This inverse structure continues to retrace.

Pushing through the upper regression trend may prove difficult this week.

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.