A quick look at yesterday: after finishing Friday at $359.09, iShares Core S&P 500 ETF went up to $369.44 before paring its losses and closing at $368.33.
Meanwhile, United States NY Empire State Manufacturing Index (Oct) released yesterday at 12:30 UTC with a figure of -9.1, while the previous figure was -1.5.
IShares Core S&P 500 ETF made an initial breakout above its 10 day Simple Moving Average at $367.05, a potential indicator of a newly emerging bullish phase. Despite this, although iShares Core S&P 500 ETF is appreciating today after rising as high as $369.44, price action is now slowing and consolidating around $1.69 below the $370 resistance level.
Overall, looking at the technical analysis landscape, it seems iShares Core S&P 500 ETF might continue pointing upwards in the short term.
IShares Core S&P 500 ETF shows positive signs, other assets are also on par: notably, ARK Innovation ETF rose 7.03% yesterday and closed at $34. Amazon is trading around $113.79 after ending yesterday's session at $106.9 (up 6.45% today).
In the meantime, a flat day for iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF, closing at $25.35.
Furthermore, the market is looking at United States Crude Oil Inventories projected to come out at 1.55 million — worse than previous data of 9.88 million; data will be released tomorrow at 14:30 UTC.
Also worthy of note, United States Building Permits (Sep) scheduled to come out tomorrow at 12:30 UTC.
Approximately 9 months ago, iShares Core S&P 500 ETF reached a significant high of $479.84 but has struggled to hold onto its gains and declined 25.16% since then.