Warning Signs Flashing as Retail Stocks, Junk Bonds Crack Key Levels

📆 4/15/2024 6:34 AM
📰 Investingcom

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“Looking at the 6 weekly charts, I updated the horizontal, parallel lines to show that at these higher levels, all the Family are rangebound when you study the patterns from late February to now.

For junk bonds, until the price returns over the low of the weekly trading range, caution is warranted.This is the month of the halving. Notice how the weekly consolidation range between 60k-72k remains intact. KRE is still slightly above the weekly trading range. With long bond yields a bit softer, it is possible to see this sector hold up with a very low-risk entry point against the 50-WMA.Scan QR code to install app

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