VIP MARKET UPDATE: $INJ
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$INJ is trading around the 3.470 area, pushing to fresh highs within a well defined ascending channel that has been guiding price higher since early April with both boundaries respected cleanly throughout. The structure has built consistent higher lows and price is now pressing against the 3.450–3.500 resistance zone that has been the ceiling on every prior attempt, making the current test the most significant one yet. The overall picture is one of the more constructive setups in the market right now.
As long as INJ holds above the upper trendline support around 3.350 and the channel remains intact, the bias stays firmly bullish and a clean close above 3.500 would represent a meaningful breakout with room for continuation toward higher levels. A pullback into the 3.300–3.350 zone that gets defended would be the ideal continuation setup, while a loss of the lower channel boundary would be the first warning sign that the momentum is fading.
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