IHL Chart Technicals, page-148

Correct. Classic retrace.
In fact, I am surprised we didn’t pull back further. IHL held up quite nicely even into the close.

It was only time before the SP needed a breather and people also getting trigger happy on their profit taking (which is healthy).

Consolidation I am thinking around this level, may touch lower resistance (low 6s) and climb back up after the profiteering stops. hope I’m wrong and the resistance is higher)

Strong Buy Signals on every market report. Need I say more.