A month ago, the “Power of the Pattern“ suggested that investors should buy LQD due to the formation of a falling wedge at support after a sizeable decline. (see post here)

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Below is an update to this position.

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Game Plan….for those that picked up LQD after the sizeable decline, the stop remains support line (2).

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past