$TMF
Added 2024-11-04 12:12:00 +0000 UTC$TMF is up 4.7% in the PM now, it is unclear why exactly this us.....but volatility and uncertainty with the market will likely have some influence right now as we lead in to tomorrow and the Fed Rate decision on Thursday.
$TMF/$TLT is at an important point right now and I have covered this a lot lately
Bond Bulls will want this support level to hold now above the green 0.78 Fib level at $47, otherwise a test of the low in April is next at $43.
There is a possibility of a sideways consolidation here for the next year within $68 - $38, there is no denying that, and it will likely be an accumulation phase
You would also receive a 3.67% dividend for your patience too.
