Junk Debt Again at Very Attractive Levels to Short Short
SPDR Bloomberg High Yield Bond ETFArca
Description
⋅ Perhaps this is another dead-cat bounce?
These custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts).
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