The S&P 500 has since outperformed the HYG ETF on the upside, but the immediate decline in both is encouraging for it offers a suitable entry point on the long side - either before or after the closing bell.

Please see the Trading position section for details

Trading position (short-term; our opinion): long positions (100% position size) (entered via buy limit order placed at 3038) with stop-loss at 2570 and initial upside target at 3230 are justified from the risk-reward perspective.

Thank you.

Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.