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doctorfibonnaci

Junk bonds topping out = Bearish leading indicator

iShares iBoxx $ High Yield Corporate Bond ETF (AMEX:HYG)  
doctorfibonnaci  
AMEX:HYG   iShares iBoxx $ High Yield Corporate Bond ETF
Trend Analysis Chart Patterns Fundamental Analysis
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trendanalysis chartpattern fundamental
This is a monthly chart of the high yield corporate bonds ETF - aka "junk bonds". Notice that it is right at the a multi-year trend line. I expect this to start to go down given the multi-year resistance line. Yet one more canary pointing to a market top.
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