Ishares 0-5 Year Tips Bond is slightly down on the day, it isn't making a very large move but still down -0.08%. We'll see if it can keep moving down or not. It looks like STIP may be interacting with a slightly angled resistance line. This area could represent a pivot point. 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 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 $100.24 it may head back up from there or break lower.
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