$TLT - SAFE HAVEN -
Added 2024-06-22 10:28:28 +0000 UTC$TLT which is one of the popular safe havens we upload continues to move very well in an impulse wave.
Comfortably above the 50 and 200 Day MA and resting on the 1 Fib right now and still in Wave 3, which we expect to complete at the 1.618 Fib at $96.
$TMF follows $TLT and it is a 3 X leveraged position, it is also moving in an impulse wave and holding comfortably above its 50 and 200 Day MA, using the 200 Day MA now as support before moving higher.
This should strongly be considered as a hedge against the market.
Comments
Hi Cap. Any concerns of a bond market sell-off? i.e US treasures being dumped by Yen-carry trade?
jp
2024-06-22 21:35:29 +0000 UTC
