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