While strolling through charts (which, let’s face it, is pretty much all I do with my life), I was struck by how amazing the High Yield Bond ETF (symbol JNK) is lining up with its various trendlines. It completed a diamond pattern (not to be confused with this similar item), and it’s been inching slightly higher, day by day. It’s really quite remarkable, to me at least – – and if it breaks that current ascending trendline, it’s reversal time. For now, though, it continues to just trudge higher, pixel by pixel.
