JNK High-Yield Bond ETF Daily Chart

Keystone top-ticked this JNK chart on the dot. It was an easy short call with the red rising wedge, universal negative divergence and overbot stochastics. Keystone covered the short. JNK and HYG are the same charts.

The overbot stoch's likely want a bounce here but the weak and bleak MACD will likely roll price back over to the downside. Keystone will probably not play it again but if price comes up to back kiss, say the 50-day MA it may be worth shorting again. As typically occurs, the collapses from rising wedges can be quite dramatic. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.