TLT – Weekly Analysis

This week, TLT precisely hit the $85 target we outlined at the beginning of December. The move delivered the expected milestone, but it also raises the next important question: is the bond market ready for a new challenge? In this analysis, we review the latest signals, assess the evolving technical structure, and outline the most likely path forward for TLT. CANDLES After hitting the target, TLT bounced and even printed a weekly Piercing Line. However, the bullish odds remain weak, the candles are not very convincing, and weekly confirmation is still required. From the larger perspective, we should remember that the 2M and 4M frames printed bearish signals in April. Even if TLT extends the current rally higher, the long-term bearish odds could resurface at any moment. Overall, TLT continues to maintain bearish trends across the board. The mid-term outlook is neutral, while the long-term outlook remains bearish. Elliott Wave…