Risk-off
Updated
Whenever HYG is moving down, it is telling us that the risk is off in the equity market. It is true for the current market condition.
When this bottoms, then the market will bottom.
When this bottoms, then the market will bottom.
Note
HYG staying flat this week despite the market rebounding.Note
HYG seems to have bottomed. It could be time to get back to the market. Trade the chart not the news.
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.