- Strong bullish sentiment set to meet bearish fightback around key resistance at $147.47, currently 47 cents away
- Upper Bollinger Band® currently at $149.52
Invesco S&P 500 Equal Weight ETF's recent run now faces a major challenge as concentrated supply is likely found at $147.47 with price action currently 47 cents away. Invesco S&P 500® Equal Weight ETF's upper Bollinger Band® is at $149.52.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Invesco S&P 500® Equal Weight ETF is set for a reversal in the coming days.
Despite posting gains on Wednesday, Vanguard Small Cap ETF slid below its 200 day Simple Moving Average at $192.8 during the last session — an early indicator that a negative trend could be emerging. Vanguard Small Cap ETF's recent run now faces a major challenge as concentrated supply is likely found at $194.44 with price action currently 95 cents away.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Vanguard Small Cap ETF is set for a reversal in the coming days.
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. In contrast, VanEck Vectors Video Gaming and eSports ETF's run now faces a challenge at $44.36, which is only 32 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, looking at the technical analysis landscape, it seems VanEck Vectors Video Gaming and eSports ETF might continue pointing upwards in the short term.