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Junk Bonds: Is this a Bearish Break? Weekly Close Now Important

SPDR Bloomberg High Yield Bond ETF (AMEX:JNK)  
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AMEX:JNK   SPDR Bloomberg High Yield Bond ETF
Trend Analysis Technical Indicators Support and Resistance junk bonds
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trendanalysis indicator supportandresistance junk bonds
Note that this instrument is now trading below the Red Support line. In the past, such breaks, on several occasions were accompanied by a sell-off in risk assets, such as stocks.
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