$TLT - SAFE HAVEN - IMPORTANT -
Added 2024-02-26 19:52:20 +0000 UTC$TLT is certainly considered a safe haven if the market corrects.
I need to make this point absolutely clear.....you don't need a buy alert from me to start a position here at any stage.
$TLT will not make you a tremendous amount of money over the next 6 - 9 months but it will slowly drift higher and most importantly, it will preserve your capital if the market corrects shortly until November.
A DCA strategy here makes the most sense.
We can see that $TLT has pull back in 2 waves to the 0.5 Fib, while the $SPY and $QQQ are looking to complete their Wave 5's
So $TLT and the market are not moving together, we can clearly see that $TLT made a low in October, after declining continuously since the end of 2020....the $SPY has been moving up since October '22....they are not moving together, one of their waves have overlapped, that is it.
$TLT is an asset you should strongly be considering to preserve your capital when the market confirms its reversal.
Wave C is showing at $110 by the end of October
