TLT 101.13 Target Achieved, New Pattern Emerging

Technical & Trade View
TLT ishares 20+ Year Treasury Bond ETF
Trade View

101.13 Target Achieved, New Pattern Emerging
Bias: Bullish Above Bearish below 99.00


Technicals

Primary support is 99.00
Primary upside objective 102.85
Next pattern confirmation, acceptance above 101.50
Failure below 99.00 opens a test of 97.90
20 Day VWAP bullish, 5 Day VWAP bullish
Institutional Insights

According to analysts at Goldman Sachs ‘ Based on our valuation-adjusted estimates of preliminary data from the US Treasury ,foreign investors net purchased long-term US securities in September. Foreigninvestors net purchased long-term Treasuries and US equities, and net sold long-term US agency securities and corporate bonds. Private sector investors drove flows across asset classes.Japan was the largest net seller of long-term Treasuries in September, on our valuation-adjusted estimates, as the Ministry of Finance Intervened in foreignexchange markets to support the Yen for the first time in 24 years. Our estimates suggest that this was the largest one-month net sale of long-term Treasuries byJapanese investors since the Treasury’s securities holdings data began in 2012(although March 2022 came close). Belgium was the largest net buyer of long-termTreasuries at the country level. At the regional level, Europe and Latin America netpurchased long-term USTs while Asia was a net seller’
bondsHarmonic PatternsTLTTrend AnalysisWave Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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