LQD received its second life in October running up strongly with the equities markets. The move was as unexpected as the equities move. The momo for such moves need to create a top to burn off the excess energy so an M Top would be expected. Thus, another move to 115.5-ish is now expected, at that time the negative divergence should be in place across all indicators and then the downside can reestablish itself. This information is for educational and entertainment purposes only. Do not invest based on anytning you read or view here. Consult your financial advisor before making any investment decision.
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