Ishares Trust Ishares 1-5 Year Investment Graderate Bond is slightly down on the day, it isn't making a very large move but still down -0.04%. We'll see if it can keep moving down or not. It looks like IGSB may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line IGSB is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. IGSB hasn't had very clear momentum over the last 3 months in either direction. Which makes it a little harder to predict. But hasn't presented the buying pressure to make
me feel certain it can punch through.
If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price reverses and heads back down lower, it looks like the nearest support level is $51.96 it may head back up from there or break lower.
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