HYG V SPY the tolerance for high risk

HYG represents the tolerance levels for high risk investment, versus here, the stock market in general. Note the strengths and tilts of the high of the 4 indexes, us30, spy, nas100 and imw. small cap stocks suffering the most here. nas100 flying the highest, the most against the force of gravity, which is the risk off trade. Oil gapped down when the price of crude dropped below previous lows with no policy, and no support levels that are to be trusted for now. If the oil prices drops too low, it will absolutely break the backs of high debt oil producers. And with Iran oil stored supplies coming on line soon, 20's oil could be a reality, dragging down the markets with it. Watch HYG for big money risk. Lots of corporate bonds are involved in oil debt. Note the volume sell spikes in HYG and in oil. (not on this chart) note the vertical line moments of action, and which way the action changed the trends of the indexes Versus HYG. interesting.