Courtesy of Chris Kimble.
Below looks at the Nasdaq 100 over the past 20-years and Junk Bond ETF (JNK) over the past decade.
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Nasdaq 100 is now testing its 2000 highs and at the same time, junk bond ETF (JNK) is testing dual resistance at (1) above.
The “risk on” trade wants/needs these two key sectors to breakout above these key levels.
If they do breakout, it would send a positive price message to the risk on trade.
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