$HYG - High Yield Bonds Sending a Sign?
As can be seen on its weekly chart, the 
HYG appears to be sending a warning signal. On a technical basis, a "Shooting Star" pattern has emerged, coupled with negative divergence in the SMI and RSI indicators.
To us, it appears that high yield bonds are sending a signal that its rallying may be getting a little stretched.
We would caution investors to tread carefully and take some money off the table if in this space.
HYG appears to be sending a warning signal. On a technical basis, a "Shooting Star" pattern has emerged, coupled with negative divergence in the SMI and RSI indicators.To us, it appears that high yield bonds are sending a signal that its rallying may be getting a little stretched.
We would caution investors to tread carefully and take some money off the table if in this space.
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Related publications
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.