JNK/TLT needs to break highs for bullish $SPY confirmation. RSI -ve div.
Dash for cash... pulling down all the markets and the liquidity is slowly draining out.... watch this chart if you play the SPY!
Dash for cash... pulling down all the markets and the liquidity is slowly draining out.... watch this chart if you play the SPY!
Good for $1+ if 21DMA broken on volume. rising channel would also be potentially broken. 41.50 stop 2:1 RR
another leading indicator showing weakness. JNK wasn't able to break it's resistance around 40.50 and formed a H+S in process (i think). It's currently support by it's 200 ma , which represent strong support. However , if broken , you might want to look at going long 30 years treasuries ( TLT). In fact , JNK and TLT have a nice negative correlation.