Short term bullishness in TLT (I shares 20+ Year Treasury Bond ETF), price target in the short term (6 months) is $110 (upside 22%) assuming no more further rate hikes in Fed Funds rate (currently 5.25% to 5.5%) and if the market foresees a rate cut in H2 2024, and by as much as 100 bp by end 2024.
When US 10 year falls, TLT rises. Hence when US 10 year peaked at 5.0% and reversed downwards, signalling the bottom for TLT.
EMA 20 crossover EMA 40, indicating short term bullishness for TLT
@TigerStars
$iShares 20+ Year Treasury Bond ETF(TLT)$ $SPDR S&P 500 ETF Trust(SPY)$
$Invesco QQQ Trust-ETF(QQQ)$
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