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TLT is a treasury bond ETF, which is trading lower after an impulsive rally at the end of 2023. It’s most likely now trading in wave C of a deeper A-B-C correction and that’s the main reason for the USDollar – DXY recovery (It’s inverted for better visibility). TLT can be actually looking for the support around 90 area, so still be aware of a resistance on DXY and bearish continuation, when TLT turns back to bullish mode.

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webiner streamed on February 12:

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