New Trade: TLT Sell Signal TLT Daily Yesterday TLT broke down below its parallel trend channel labeled Wave 2 (even number EW) suggesting the potential for a Wave 3 down with attendant exponential gains on intermediate term puts. Aggressive targets are 80 or lower by May expiration, 70 or lower by Jun expiration. Options May 16th $90P @ 2.30 (3X-5X potential) Jun 20th $88P @ 2.00 (5X-8X potential) Note On Stock Indices We knew this rally was coming, appears to be a Wave (iv) which means a wave v to new lows will follow, likely by the end of the week. There may be an opportunity to get more aggressive on the short side, but tariff headlines are moving this market and they could drop, real and fake, at any time. IWM Filling the April 3rd gap, then lower.
