Schwab 1-5 Yearrate Bond is slightly down on the day, it isn't making a very large move but still down -0.02%. We'll see if it can keep moving down or not. SCHJ is near or at a moderate resistance line, it may make a reversal here or possibly punch through and keep moving up if the buying pressure is consistent. The company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.
If the price breaks through the resistance level it will probably move up to the $24.82 where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $24.49 it may head back up from there or break lower.
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