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Kumowizard
Aug 30, 2017 1:16 PM

$HYG - smells like trouble?  Short

iShares iBoxx $ High Yield Corporate Bond ETFArca

Description

We have a possible Heikin-Ashi sell signal developing at key supp/res level.

Pls see indications marked with ellipses.
Comments
A-shot
Indeed, how that relates to the markets? Both US and EU? Gold and dollar?
Kumowizard
@2use,
If HYG goes lower while BND remains intact bullish, that means junk bond yield spreas are widening due to lack of risk appetite. This could be indication for an equity mkt downturn as well.

Gold and USD live different lives. Sometimes you can find stronger correlations sometimes not
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