AMEX:HYG   ISHARES TRUST IBOXX USD HIGH YIELD CORPORATE BOND ETF
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In a down trend. It may come up to $81 before resuming the downward trend.

A directional rebound would likely see retest of the $75 level. We haven't seen that. Thus, this isn't a reversal but a temorary bounce off the lower trend channel.

Feb 27
Trade closed: target reached: Covered at $76.50.
Looking for price to go below $75 soon.
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GMOTruths GMOTruths
Price target hit & covered.

Will re-short around 77.50.
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