H&S bottom on TLT

A little less price action on the 10 year

 

If the h&s doesn't pan out you can always set a resistance line

 

rates don’t need technical chart, we are starting rate cutting cycle, tlt will go up regardless in q4 and next year. how high depends on the terminal rate.

 

Just an example

entry price : 99.5
stop : 95.5 ($4)
TP : 120 (reward : risk ratio 3:1) after a few months.

 

I also have a 10yr Yld target zone around 2.75%, near end of next year:-



No opinion on TLT level at this time.