$TLT - SAFE HAVEN -
Added 2024-07-25 18:47:10 +0000 UTC$TLT is traditionally seen as a Safe Haven but yesterday it sold off with the market but the most important factor is that it did not lose its structure.
Price is back above its 200 and 50 Day MA today and still in this triangle.
Bonds are typically seen as a haven to preserve capital during market uncertainties but it is a slow mover, which is also not a bad sign, gives people plenty of time to get in and out
I want it to continue to behave as a haven and would like to see the triangle breakout next above $94.
Next test will be the 1.618 Fib for Wave 3 at $96.80.
