Ishares Tresry Bd 1yr New is slightly up on the day, it isn't making a very strong move but still up 0.26%. We'll see if it can keep moving up or not. It looks like ISHUF may be interacting with a slightly angled resistance line. This area could represent a pivot point. Let's also consider momentum! Ishares Tresry Bd 1yr New has been on a tear lately and has decent upward momentum, when assets move up like that, they have a habit of breaking through resistance points.
so unless you know something I don't, it probably wouldn't short a stock like this. Year over year, the ETF has returned 4.12 percent to its shareholders.
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 does in fact bounce off here, it might find nearest support down at the $118.9894 level, hard to say where it will go from there though.
