High Yield Index – Option Adjusted Spread – September 21, 2023

My good friend Jerry over at https://growmytsp.com/ sent me a chart over last night and, using basic measured moves, you can see the “rhythm” and moves of this index. Since the low in 2022, it’s been the same percentage move UP and same percentage move DOWN. (green lines = up and red lines = down)

We are at, or perhaps a little lower, pretty significant support …

why is this important .. I’m not gong to bore you w/ fundamental analysis about credit spreads and all that when a picture paints a thousand words …the picture below is saying “when I bottom, the S&P tops.”

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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