HYG Range
Would look to short at $88 and cover at two levels $80 and then $70. Fundamentals are looking very weak for High Yield Bonds with rising interest rates; having held up strongly over the recent selloff in equities.
Trade closed: target reached
Things played exactly as I predicted.
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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.