TLT - Reverse head & shoulders forming
Reiterating my long stance on bonds. I see two possible outcome which could ignite TLT back to its previous high.
1) The broader market gets back to it's previous high in which case I think TLT will likely follow as institutions hedge on the way up
2) We go for a deeper sell of in the broader market completing an ABC correction which may lead to a flight of safety. AKA inflows into the Dollar and possibly bonds
So for those reasons I'm fairly confident the price will stable here and I am expecting a trend continuation.
1) The broader market gets back to it's previous high in which case I think TLT will likely follow as institutions hedge on the way up
2) We go for a deeper sell of in the broader market completing an ABC correction which may lead to a flight of safety. AKA inflows into the Dollar and possibly bonds
So for those reasons I'm fairly confident the price will stable here and I am expecting a trend continuation.
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