Officially, the IBX 7.5 daily chart is consolidating until an uptrend is confirmed with a break and close above about 8.5 swing high or a continuation of the downtrend is confirmed with a break and close below the 6.3 cent area. Really it is just chop that shreds traders accounts at present. If it truly is a demand zone then buyers should have pushed prices higher and so far they have struggled to do so.
