- Key support level at $42.84 currently only 15 cents away
- ProShares Ultra VIX Short-Term Futures ETF's upper Bollinger Band® is at $8.77 which indicates a further downward move may follow.
Trend analysis indicates that iShares MSCI India ETF made an initial foray below its 5 day Simple Moving Average around $43.11. According to asset volatility analysis, iShares MSCI India ETF's lower Bollinger Band® is at $42.35. Technical analysis shows that iShares MSCI India ETF is trending down and heading towards $42.84, which is only 15 cents away now. Hitting this support line might signal a change of direction.
For the time being, iShares MSCI India ETF remains flat without a clear direction.
Chart analysis indicates a persuasive break of this target could lead to higher losses. Concerning technical analysis and more specifically, trend indicators, ProShares Ultra VIX Short-Term Futures ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Analysis based on the asset volatility indicates that Bollinger Bands® shows an indication of recovery: the lower band is at $6.66, a low enough level to, generally, suggest that ProShares Ultra VIX Short-Term Futures ETF is trading below its fair value.
For the time being, ProShares Ultra VIX Short-Term Futures ETF remains flat without a clear direction.
Technical chart analysis shows Real Estate Select Sector SPDR Fund's run now faces a challenge at $38.72, which is only 37 cents away and will be interesting to follow. Trend-focused traders would be interested to note that Real Estate Select Sector SPDR Fund's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that Real Estate Select Sector SPDR Fund's upper Bollinger Band® at $39.55, suggesting a further decline is forthcoming.
For the time being, Real Estate Select Sector SPDR Fund remains flat without a clear direction.
Fundamental indicators – United States Interest Rate came out at 4.5, while a consensus of analysts was expecting 4.5.
Upcoming fundamentals: United States Retail Sales projected to come out at -0.1% — worse than previous data of 1.3%; data will be released today at 13:30 UTC.