Ionic Inflation Protection ETF Price & Performance (CPII)

The Ionic Inflation Protection ETF (CPII) is testing resistance at $19.46, signaling potential short opportunities with a target of $19.19. Conversely, breaking above $19.46 could trigger buy signals. Traders are advised to monitor these levels closely as they represent critical points for both long and short strategies.1

The CPII ETF is near its support level of $19.24, which may trigger buy signals with a target of $19.51. Resistance at $19.51 could prompt short positions targeting $19.24. The ETF remains neutral in its ratings, emphasizing the importance of technical analysis for informed trading decisions.2

Day traders focusing on CPII should watch for a break above $19.51, which could signal a buy opportunity. Short positions are suggested near $19.51, with a downside target of $18.98. These levels underline the ETF's importance for tactical trading amidst neutral market sentiment.2