So I increased my position against junk bonds.
A possible H&S top forming in HYG. As long as the now down turned SMA 50 contains the price this chart will be bearish. The H&S does not become active however, unless the November low is taken out.
NFTRH is a reality-based financial market service with a critical contrary perspective: “Before NFTRH I used to feel a bit like Agent Starling in Buffalo Bill’s basement after the lights went out. Thanks for turning on the lights.” –JM