Sorry Chuck, I’d written out a commentary for each chart but then the page froze and I don’t have time to write it out again.

TL:DR, my hypothesis is little rally in LQD here then it dumps back to ~ 1st Fib S level. Timescale unknown. Global SM’s dump whilst this is happening. Trigger/s unknown:

Looks like an IH&S building out on Chart 3. Could well be the extent of the rally in LQD if it plays out.

#LookingAtChartsAcrossDifferentTimescalesMatters