TLT aiming higher

٢ ديسمبر ٢٠١٥

A 76.4% retrace of the prior five wave advance, which unfolded in a complex WXY pattern, points at a high likelihood that 128.76 is exceeded intermediate term. Also note that the prior descending channel, is most definitely broken at this point.

Those married to news are worried about a rate hike, but the chart seems to say that treasuries will trade higher.