thutch

Short high yield debt

Short
thutch Updated   
AMEX:HYG   iShares iBoxx $ High Yield Corporate Bond ETF
Forming a topping pattern with a recent right shoulder in the process.

Potential early entry now, through a spike higher is a possibility. Else wait for pattern completion.

I view the H&S target as a minimum ... it could drop far further
Trade active:
H&S top potentially completing
Comment:
The H&S target was actually 84, not 81 as shown on the chart

The main thing is to keep the main thing the main thing
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