In the backlink I modeled JNK as beginning a strong decline as modeled below.
The red arrow points to the location where the above model was made and the main reason I zoomed out in the picture below was to warn people about the high likelihood of a H+S breakdown in the making.
The marginal players are hit the first and the worst and junk bonds are marginal to stocks. Still, when JNK breaks support look for stocks to follow with a short time.
Wednesday, August 5, 2015
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