My last major update on $TLT was here. In that post, I had identified a fib level and recognized that we had reached my target from here. In the meantime, it’s just kept vomiting.
However, I am changing what I had viewed as a triangle B-wave (yellow degree) to a simpler 3-wave move, and from that, we have a clear 5-waves down. If that is correct, we are virtually at yellow “c” = yellow “a” now.
Obviously, stocks aren’t going anywhere fun until yields stop climaxing every six minutes.
I eagerly await this to turn as it would begin to unravel one of the most one-sided trades in history, and, this would be a good spot for it to finally do so.