$JNK Keep an eye on this important support level
Keep an eye on High yielding Junk bonds. A break below the all important horizontal support level @ 108.60 could be a major sign of risk off. Not only is this an important horizontal support zone technically, but it is also where we find the rising 200dma. A break below this level will be quite a negative for risk on assets
"If you do what you love, you'll never work a day in your life" - Marc Anthony
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.