LQD: Reversal at top of QE 4ever range

LQD which tracks BBB-rated corporate bonds is reversing at the top of a a channel which started in 2012 when global central banks launched their QE forever campaign (Twist, Whatever it takes, ETF buying etc). You can see LQD break below a SSR near the top of a channel with negative short-term trend.

Lots of reasons to be bearish for corporate bonds, higher yields, more defaults and a slowing economy. #Watchoutbelow