JNK / W1 : Overbought & Divergent... Risk down the corner ?

NOTE : The low risk trading area reamains higher in the context channel (the gray ribbon) but we're signaling overbought on the trendchannel... This may be a concern if the market reverses here... Cause reversing on trendchannel means there will pbly be a trend trade to come right after... Not the best case scenario for stock though if junks were about to break down the major support trendline.

SIDE NOTE : Some analysts say that there is a dangerous bubble in corporate credit... So this may add to the technical view seen here. If anything goes wrong in the sector, junks may be the first to show signs of tension...

CONCLUSION : It's not something to trade just like that, more likely something to bare in mind for the coming months... as a potential systematic risk trigger that could cause hell of a panic wave...

Hope this idea will inspire some of you !
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Kindly,
Phil