$TLT 20 YEAR
Added 2023-10-06 10:01:59 +0000 UTCThe $TLT 20 year is looking extended now, below blue line and looking as stretched as it can be as the US 10 year starts to top out, I have this bouncing shortly and moving up to our Wave C level next.
There is also a widening between the 50 and 200 Day MA, showing just how aggressive this move has been.
Historically bonds have always been a safe haven to store money, I have never been interested in buying bonds and never have, I feel there is always better opportunities in the market, you just need to dig deeper and have more options on different time scales instead and that is what we do.
