PThe 20 Year ETF Bond has declined significantly in 2022.
Longer-term I anticipate 6% as the Primary PO for the 10 Year
Note.
TLT will head well below 100 into October 2023, breaking 92s
will provide an immediate break - an immense break.
______________________________________________________
Sub 50 is an absolute on Mid Curve to 6%.
Declining from 173.69 to 112.62 is simply the 1st in a Series of
lower lows ahead.
I do, however, anticipate a counter-trend to 2.12 to 2.26.
TLT remains the JUNK ETF, chased by the inexperienced traders
seeking safety.
Hopefully, this herd is beginning to see the Cliff ahead as the
Bond Buffalo will be run up the plains mesa to their ultimate
deaths.
132 should limit the Upside ST.
Longer-term I anticipate 6% as the Primary PO for the 10 Year
Note.
TLT will head well below 100 into October 2023, breaking 92s
will provide an immediate break - an immense break.
______________________________________________________
Sub 50 is an absolute on Mid Curve to 6%.
Declining from 173.69 to 112.62 is simply the 1st in a Series of
lower lows ahead.
I do, however, anticipate a counter-trend to 2.12 to 2.26.
TLT remains the JUNK ETF, chased by the inexperienced traders
seeking safety.
Hopefully, this herd is beginning to see the Cliff ahead as the
Bond Buffalo will be run up the plains mesa to their ultimate
deaths.
132 should limit the Upside ST.