HYG Global view W
We are very close to hit the resistance level 89 by wave (Z) of (WXYXZ) to complete the edge of B.
It can take from couple of weeks to couple of months to hit the level. We expect the downtrend to start by summertime (May-June 2021)
Afterwards the big-big sale of “junk bonds” will undoubtedly start along with deep correction on all the markets which will last till the end of the year 2021
In this case the HYG market might repeat the level of March 2009 - 62
It can take from couple of weeks to couple of months to hit the level. We expect the downtrend to start by summertime (May-June 2021)
Afterwards the big-big sale of “junk bonds” will undoubtedly start along with deep correction on all the markets which will last till the end of the year 2021
In this case the HYG market might repeat the level of March 2009 - 62
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