$TMF
Added 2024-04-05 19:55:15 +0000 UTC$TMF is the 20 YR Treasury Bull 3 X and looks set to finish the week exactly on the 0.618 Fib at $49.64....the close is almost too perfect.
As we open next week into the start of earnings season and Banks kick off the season as usual.
This is where we expect a reversal, on the 0.618 Fib, any lower and this is showing weakness.
No reversal to the upside will be confirmed until this can break out of this wedge which will also be the 50 Day MA at $54.20
So risk adverse investors may wait until this holds above this level to start a position.
This ticker also offers a 3.5% dividend too.
