TLT Is In A Correction Within Uptrend
Feb 13, 2024

TLT

TLT is a treasury bond ETF, which is trading lower after an impulsive rally at the end of 2023. It’s most likely now trading in wave C of a deeper A-B-C correction and that’s the main reason for the USDollar – DXY recovery (It’s inverted for better visibility). TLT can be actually looking for the support around 90 area, so still be aware of a resistance on DXY and bearish continuation, when TLT turns back to bullish mode.

TLT Is In A Correction Within Uptrend TLT vs. Inverted DXY Daily Chart
TLT vs. Inverted DXY Daily Chart

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