TLT Elliott Wave Analysis
- Many are excited about the sharp TLT bounce from an "all-time low."
- There is talk of a risk-off trade.
- There might be something in that.
- But look at the bigger picture.
- My best Elliott wave count suggests that · TLT is likely bouncing in the intermediate wave (4) of an ending diagonal for Primary-5, ((5)).
- Wave (4) may reach mid-to-high 80s, then another swing lower, likely into 2027, which could complete a cycle-degree wave I; I positioned wave II at a maximum reasonable target.
Stay tuned for my cycle analysis.
