$iShares 20+ Year Treasury Bond ETF (TLT.US)$ Can TLT go hi...
$iShares 20+ Year Treasury Bond ETF (TLT.US)$ Can TLT go higher from here? Absolutely, but this seemed like a logical place to take profits, and so I did. TLT has had a strong, impulsive move off of its weekly ascending support line, but is now at daily Ichimoku resistance as well as the daily 100 SMA, as well as close to the upper resistance line of the previous descending channel. A lot of confluence for this to pull back, at which point I would be interested in re-entering.
Not financial advice!
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Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
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仁者無敵的麥吉爾 : Is it useful to look at the technical aspects? TLT Or let's look at the policy side, how much the Fed cuts matters.
Derpy Trades OP 仁者無敵的麥吉爾 : I like to look at both. I see the technicals as a reflection of current market sentiment. If sentiment changes due to a fundamental catalyst, key levels can be broken depending on whether it was a positive or negative catalyst. In fact, the entire trend can change with the right catalyst. Unless the Fed is forced to turn on the money printer I suspect yields will continue to fall long term, but there are always pullbacks in markets and I am hoping to re-enter cheaper on a decent pullback. Best of luck!
70149473 : So, when did you start getting in?
Derpy Trades OP 70149473 : Personally, I am watching for a bounce around 93.25 to 93, but if that doesn't hold I could see this going down to 92. If THAT doesn't hold, I could see this going down to ~89.75. I covered most of the key levels in my last video if you're interested. Not financial advice, of course.