SPX: Credit Spreads add to the Bullish Thesis

Orange Line = SPX
Blue Line = HYG/IEI = High Yield/U.S. Treasury Bonds

Strong Correlation between HYG/IEI and SPX.

Ascending Triangle pattern for HYG/IEI indicates more upside --> SPX to the moon.

ความคิดเห็น:

Divergence between HYG/IEI and SPX led to the 2022 Bear Market. Let's see if the Divergence this time will lead to the 2023 Bull Market.