What does this tell us: Firstly, technicals have worked nicely on this chart. The trend line break is bearish and the failure to recapture the trend line is bearish. Doesn’t mean $JNK won’t try again, and it if does it’ll be bullish for markets, but without a recapture it’s not good news for markets and this trend line is moving away, so bull need a solid rally to emerge to race up there.