Move index saw a140 level this is a Panic short term bottom ONLY
The spreads loved like a failure was near ! So the move index reached a short term bottom Only in the High yield market so now everyone things it is safe to jump back to RISK ON . This is what we see in BEAR MARKETS sharp strong up thrusts to be followed By longer declines .Best of trades WAVETIMER . NOT A NEW BULL MARKET TRADERS
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