JNK(Barclays High Yield Bond ETF) has been struggling with heavy resistance near its 200 day moving average. The 200D capped the March and June highs. JNK has not closed out a week above its 200D since Feb. 21. Just above the 200D is a key level. Just below $105.00 is the February low. This was the first important low after the index took out its supportive 200D. One week later(March 9th) the JNK collapsed leaving behind a huge breakdown gap. Does the index have the strength to power through $105 or will we see another pivotal high?