- Price action backs away from resistance at $129.06 despite bullish mood
With a daily low of $128, Vanguard Value ETF closed yesterday at $128.49, after ending Friday at $126.31 and gaining $2.18 (1.73%).
Having set a significant high of $150.8 18 days ago, Vanguard Value ETF is trading 2.29% lower.
Vanguard Value ETF chart analysis: after reaching the known resistance zone beginning at $129.06, Vanguard Value Index Fund ETF Shares price action retreated approximately 57 cents.
Fundamental indicators – United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
Vanguard Value ETF shows positive signs, other assets are also on par: ARK Innovation ETF went up by 7.03% yesterday, and closed at $36.38. Amazon skyrockets 6.45% yesterday and closed at $106.9.
In the meantime, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% yesterday and closed at $25.36.
Upcoming fundamentals: tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.55 million from the preceding figure of 9.88 million.