Since the mid January highs, IMA has retraced back to previous resistance levels and has been range trading for almost three weeks.
I'm watching to see if the current support area holds or whether IMA drifts down to lower support levels.
If the .83/.84 support holds then there is a potential bounce trade up to the 1.00 target where a gap needs to be filled. THis could then become a new support area from where the January highs may be attacked again.
Add to My Watchlist
What is My Watchlist?
