iShares iBoxx $ High Yield Corporate Bond bullish

This is an opinion from space view. (Monthly charts since inception)

HYG bounced off massive down trend line. Its sleeping just under the support line off all previous down turn in SP500 since 2009. Are we out of the woods? Is there a liquidity a problem? Stores are packed and prices are going down and stabilizing. I think oil is the last thing to stand in the way of global restart.