Bondbloxx Bloomberg Two Year Target Duration Us treasury etf 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 XTWO 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 XTWO 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. Momentum wise Bondbloxx Bloomberg Two Year Target Duration Us treasury etf, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.
If the price breaks through the resistance level it will probably move up to the $49.54 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $48.95 level, hard to say where it will go from there though.
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