TLT, monthly. A five-wave decline from the 2020 high (~180); wave (5) is testing the wave (3) low at ~83 — the line in the sand. Source: TradingView, 24 May 2026.
Signal of the week: The whole thesis fits on one number. Hold 83 on a monthly close, and long-duration Treasuries may be carving a major bottom. Break it decisively, and the message flips to a …
