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Thursday, March 28, 2024

Bonds

Bonds

Courtesy of Allan 

Below is the Daily Trend Model for the 30-yr Treasury Yield.  Two two salient points are five waves down and a recent Trend Buy Signal:

30-yr Treasury Yield Daily Trend Model

Below is the TBT Daily Trend Model.  The key point here is how closely the TBT tracks treasury yield:

TBT Daily Trend Model
 

Reaching the previous 4th wave high would be a move of about 10%.  But the EW analysis on the yield chart is suggesting much higher interest rates and by implication, a more significant move up for TBT. 

 

Allan’s “Trend Following Trading Model” is based on his trend-following trading system for buying and selling stocks and ETFs. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here.  For more details, read this introductory article

From Elliott Wave International: Free TA Handbook:

 

 

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