TLT SPX Was just looking at how these traded together at the
June tradable bottom and then TLT topped at the beginning of August
before SPX did a few weeks later.
Today TLT is at major oversold levels/fresh lows with SPX going
higher. TLT seems to be suggesting that stocks may not be done
going down long term. Still have the open gap at 3,583.
No idea how high the market goes shorter term or timing for any
of this. There is an area from 3,800-3,900 or so that looks very
doable over time. 4,000 or 4,110 gap into year end if things don't
capitulate lower are something to keep an open mind
about.
I took a first entry in SPXS with the system after hours to
hedge my longs.
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TLT SPX Was just looking
Posted by fundamentalvalues on 21st of Oct 2022 at 08:14 pm
TLT SPX Was just looking at how these traded together at the June tradable bottom and then TLT topped at the beginning of August before SPX did a few weeks later.
Today TLT is at major oversold levels/fresh lows with SPX going higher. TLT seems to be suggesting that stocks may not be done going down long term. Still have the open gap at 3,583.
No idea how high the market goes shorter term or timing for any of this. There is an area from 3,800-3,900 or so that looks very doable over time. 4,000 or 4,110 gap into year end if things don't capitulate lower are something to keep an open mind about.
I took a first entry in SPXS with the system after hours to hedge my longs.