$TLT 20+ YEAR - SAFE HAVEN -
Added 2024-01-04 19:11:57 +0000 UTC$TLT showing an almost perfect V shape recovery and it was one of our highlights of the last year, showing that it would decline and find support before recovering and it has done just that.
It is finally letting off some steam now and is testing the 200 Day MA from above, which I would like to see not held and pull back further to a lower FIB level, the blue line is at the 0.5 Fib so this is an area of interest to me.
A pull back and hold at this level would be an ideal buy and hold during a market correction I believe, which is why it is one of our Safe Havens.
Wave C ends at $110 as always.
Comments
I dare say this is the most important chart for returns in '24. ~6 trillion with a T in money market funds right now
Marcus M
2024-01-05 00:57:18 +0000 UTC
