Junk Bonds – December 31, 2023

Junk Bonds are extremely important … quite the nice SELL PATTERN has hit or, perhaps, just a little higher.

For the equity market (s) to continue higher, this SELL PATTERN needs to fail.

Also, notice the “time” component working … it’s been working nicely and, obviously, it’s not precise but it can give us a “warning sign” which, I believe it is … the warning “pay attention to Junk Bonds.”

Happy New Year to everyone … I promise 2024 is going to be a barn buster!

ENJOY IT!

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. View all posts by BART