- Buoyed by a strong session amid an uptrend, Industrial Select Sector SPDR Fund is 36 cents away from testing key resistance at $101.27
- The lower Bollinger Band® is currently at $92.16 while the higher band is at $102.89
Chart analysis indicates Communication Services Select Sector SPDR Fund's run now faces a challenge at $50.79, which is only 31 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Communication Services Select Sector SPDR Fund is hovering above a known Fibonacci resistance level of $50.38.
Around $43.65, VanEck Vectors Video Gaming and eSports ETF can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Despite this, VanEck Vectors Video Gaming and eSports ETF's recent run now faces a major challenge as concentrated supply is likely found at $44.36 with price action currently 32 cents away.
Overall, looking at the technical analysis landscape, it seems VanEck Vectors Video Gaming and eSports ETF might continue pointing upwards in the short term.
Industrial Select Sector SPDR Fund's recent run now faces a major challenge as concentrated supply is likely found at $101.27 with price action currently 36 cents away. Industrial Select Sector SPDR Fund's upper Bollinger Band® is now at $102.89.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Industrial Select Sector SPDR Fund is set for a reversal in the coming days.
Fundamental indicators – United States Crude Oil Inventories fell short of the -1 million projections, with new data of -3.69 million.