HYGhas TOPPEDmajor decline yield to soar

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HYG has TOPPED major decline yield to soar iShares iBoxx $ High Yield Corporate Bond ETFBATS:HYGwavetimerThe chart posted is the HYG High yield bonds They have reached 1.618 and are now setup to see a major decline in the HYG bond etf this is very bearish for the SP 500 best of trades WAVETIMER