SPDR® Barclays Long Term Corporate Bond ETF (LWC) fell out from 1-st standard deviations of quarterly (66-day) and 1-year (264 day) means, thus entering a full-blown downtrend.
This scenario is only cancelled if price gets back within 1-st standard deviation from 1-year mean (above 38.7)
Traders can take short positions off 1st standard deviations from quarterly mean (38.00)