- Current prices are bouncing away from strong support at $208.44
- Vanguard Small Cap Growth ETF's upper Bollinger Band® at $219.24, suggesting a further decline is forthcoming.
Vanguard Small-Cap Growth Index Fund ETF Shares made an initial foray below its 21 day Simple Moving Average around $209.24. Weighed down by bearish sentiment, Vanguard Small Cap Growth ETF fell below $205.82 as its key Fibonacci support level with market bears already setting their sights on next Fib support at $203.68. Vanguard Small Cap Growth ETF's run now faces a challenge at $208.44, which is only $2.72 away and will be interesting to follow.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Vanguard Small Cap Growth ETF to extend its recent losses.
Vanguard Short-Term Inflation-Protected Securities ETF is hovering around the $47.93 Fibonacci support level. Despite this, Vanguard Short-Term Inflation-Protected Securities ETF's run now faces a challenge at $47.89, which is only 3 cents away and will be interesting to follow.
$38 marks the crossover point where Real Estate Select Sector SPDR Fund price action falls below its 21 day Simple Moving Average. On the other hand, note that Real Estate Select Sector SPDR Fund's run now faces a challenge at $38.09, which is only 7 cents away and will be interesting to follow.
In the short term, Real Estate Select Sector SPDR Fund is expected to maintain its recent downtrend and continue spiralling lower.
Fundamental indicators – United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of -6.43 million, while the previous figure was -7.85 million.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -3.31 million. It previously stood at -12.58 million; data will be released today at 15:30 UTC.