March 25th, 2019: TLT Weekly Chart Update
Posted by pugsma on March 25, 2019
11:15 am EST: Back in October 2017, PUG SMA LLC was calling the US 20+ Year Treasury Bond Fund (TLT) to drop from 129.57 to the 109.34 pivot in late 2018 (see red circle on TLT 10-25-17 chart). By November 2018 this is precisely what happened as TLT bottom at 111.90 (see red circle on TLT 3-25-19 chart).
Now in March of 2019, TLT has cleared the 123.15 pivot and has formed an Inverse Head and Shoulder (IHS) with target at 133.94, just above the 132.21 pivot.
TLT Weekly 10-25-18:
TLT Weekly 3-25-19:
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