TLT still going down despite today’s big bounce in equities. TLT stopped exactly on the monthly mma200 red line after breaking below 100 today Monday.
TLT should hold mma200 this week or else bonds & equities have a lot more to fall.
Not trading advice.
TLT looks like it's formed a massive weird looking head and shoulders pattern on the weekly timeframe.
So far, it's managed to hold support in the $134 range. However, that range has been tested a number of times now that I think the next time it test on larger timeframes, support will break. There's little support between here and the $120s so the next logical...
Like everything Else the 007s are contending with an aggressive FED
which is hell-bent on Full control.
Long End 30/20 Cross, Short end muted to heavily Intervened, to put it mildly.
Regardless - in Real Terms, Inflation continues to Eat and Feed on everything.
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Even the DX is confused as to...
TLT is aimless, wandering the desert which is Bonds.
ZN has made new Lows for 2021 and continues to squat
over the 130 Level.
We believe it will fail as 10 Year Yields begin to complete
their Consolidation and cross the 1.645 Level - indicating
a move back to the 2021 Highs.
We will be entering a SELL on Shares only.
IV is not tempting enough at present as the...
