Panos22

HYG/LQD ratio

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HYG/LQD  
HYG/LQD  
With credit conditions starting to deteriorate currently,(mostly in Europe) high yielding debt will definitely be most negatively affected, especially after the first rate hikes from the Fed. Another great opportunity here to go short. The structure shows clearly a developing Wyckoff distribution similar to the one of Bitocin just before it crashed to 30k last May.
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