Wash, rinse, repeat. LQD (investment-grade corporate bond ETF) offers an objective short entry here on the snap-back rally to the 123.30 resistance + 61.8% Fib retracement level & will be added as an Active Short Trade around current levels.
LQD daily March 25th
The price targets for this trade are T1 at 119.79 & T2 at 113.52 with a suggested stop of 126.51. As with the previous two recent short swing trades on LQD, the suggested beta-adjusted position size for this trade is 2.0 (i.e.- 2x a typical position on something like SPY). I am also very open to the possibility of adding additional price targets for a longer-term trend trade, depending on how the charts develop going forward.