SPDR Barclays High Yield Bond (ARCA:JNK) spent the day climbing up to retest its triangle/H&S breakout. JNK is also in the critical decision wave of a large price channel (pink) that started forming last summer.
This is the wave where JNK either pierces the channel bottom before a breakout into a steeper melt-down channel (purple scenario), or breaks out the top in a sideways formation that would usually end up taking the price back into its multi-year triangle (green scenario).