Home > charting trendlines, Financial Ponzi, stock charts, technical analysis > LQD testing support on rising wedge

LQD testing support on rising wedge

For quite a while now, corporate credit has been seen as a safe refuge in a world of ZIRP + elevated equity risk.  The common and growing acceptance of that belief has led to a ramp across the board in corporate credit prices, including high grade credit as bundled in the LQD ETF.  Well, LQD is currently testing the support trend line of a 1-2 year rising wedge.

2012-12-07-LQD_CHARTS

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