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MarcoOlevano

$JNK Keep an eye on this important support level

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SPDR Bloomberg High Yield Bond ETF (AMEX:JNK)  
MarcoOlevano  
AMEX:JNK   SPDR Bloomberg High Yield Bond ETF
Chart Patterns JNK risk
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chartpattern jnk risk
Keep an eye on High yielding Junk bonds. A break below the all important horizontal support level @ 108.60 could be a major sign of risk off. Not only is this an important horizontal support zone technically, but it is also where we find the rising 200dma. A break below this level will be quite a negative for risk on assets
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