The RSI on credit spreads is changing course from being in a downtrend to starting an uptrend. With February's monthly closing we now have a higher high. Risk assets will not be the place to hide out; especially if you are leveraged long.
Here is how the SPX has performed after changing course. The red vertical lines are the dates the RSI on credit spread changed from a downtrend to an uptrend while the green dotted vertical lines was the bottom in SPX.
As you can see it is never immediate....
Here is how the SPX has performed after changing course. The red vertical lines are the dates the RSI on credit spread changed from a downtrend to an uptrend while the green dotted vertical lines was the bottom in SPX.
As you can see it is never immediate....
Trade active
Wanted to see how the 10 year reacted...as you can see it can go either up or down after the trigger date. Trade closed: target reached
As you can see HYG is not a place to hide out...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.