TLT – Lehman Bond ETF (Last:94.09)

TLT feathered down to the 93.23 midpoint support of the pattern shown, but the low created by the small bounce so far from this Hidden Pivot will need to be tested before we can infer the bull trend begun in October remains healthy. The corrective move could come all the way down to D=85.89 without damaging the recovery. However, the presumptive power of the next rally leg will be greater if the correction from December’s 100.57 peak goes no lower than p=93.23. This is the case so far, since last week’s low occurred at 93.26.

  • Eric January 24, 2024, 9:48 pm

    What if TLT went down to 93.10 like today and then it closed at 93.35. Is the pattern intact or is it broken? Thanks.