Bonds

TLT Is Coming Impulsively Higher As AnticipatedAug 1, 2024

We have been talking a lot about bullish setup formation on Treasury bond TLT in the last couple of months. We also shared a free chart on April 26, where we mentioned and highlighted key support within an A-B-C corrective decline. CLICK HERE

TLT Is Coming Impulsively Higher As Anticipated TLT 4H Chart From April 26
TLT 4H Chart From April 26

Later on May 16, TLT nicely bounced after we spotted a completed A-B-C corrective decline. With a break above channel resistance line, we were pointing for a new impulsive rally that can send the price back to yearly highs and 100 area. CLICK HERE for an article from May 16th.

TLT Is Coming Impulsively Higher As Anticipated TLT Daily Chart From May 16
TLT Daily Chart From May 16

As you can see today on August 1st, TLT is grinding impulsively higher and there is plenty of space to complete a lower degree five-wave bullish cycle towards yearly highs and 100 area, just be aware of short-term pullbacks.

TLT Is Coming Impulsively Higher As Anticipated TLT Daily Chart From August 01
TLT Daily Chart From August 01

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