I've never looked at corporate bond charts before, but this came to my attention. Perhaps, someone more versed in the matter can comment? What I see is that while the market was rallying today, corporate bonds (almost all of them) were quietly continuing a sell-off. What might it all mean?
VCIT was one of our recent Short alert. It is running within a broad Upward channel, noticeable in weekly frame. Moneyflow was diverging & now in the negative side. We been waiting for the perfect entry point & now it seems ready to fall. We think it can decline down to $79 area.
* Trade Criteria *
Date first found- March 14, 2017
Pattern/Why- Longterm Upward...