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HYG is up 6.6% Off of its Multi-Year Feb 11 Low, Bottom or Oversold Recovery Rally?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    If the iShares iBoxx Dollar High Yield Corporate Bd (HYG) led the equity markets into their bear phase, then we should be watching to see if it leads it out f the darkness into the light. The last four session thrust from 77.50 to 80.00 has cleared the first hurdle at 79.50-- in route to a second challenge awaiting at 81.00-81.60, where HYG either will reverse into a forthcoming re-test of the Feb low, or remain "bid," confirming the establishment of a significant low.

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