Wolfe Wave – TLT (Bond ETF) Weekly Target Hit

Wolfe Wave – TLT (Bond ETF) Weekly Target Hit

Towards the end of the last post on Wolfe Waves back in December, we identified a weekly bullish Wolfe Wave in the TLT (Long Term US Treasury Bond ETF). The wave completed just last week, then interestingly enough, turned back down. If you would have gone by the WW rules and got out at the target line, that would have been around a 10 point profit

Wolfe Waves – Bearish Wave in S&P 500?

Wolfe Waves – Bearish Wave in S&P 500?

I noticed a bearish Wolfe Wave that looked like it was about to reach point 5. I continued to watch, and sure enough it looks like it may hit the target line!