- Schwab U.S. Large-Cap Growth ETF bearish trend is facing a possible turning point at $59.16
- IShares MSCI Taiwan ETF's upper Bollinger Band® at $49.05, suggesting a further decline is forthcoming.
As the day gets underway, chart analysis suggests bearish run for Schwab U.S. Large-Cap Growth ETF is facing a possible turning point at $59.16, which is only 1 cents away. If this support line fails to hold, the next target will be at $58.52.
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. In contrast, MicroSectors FANG+™ Index -3X Inverse Leveraged ETN's run now faces a challenge at $54.51, which is only 81 cents away and will be interesting to follow.
Examining the technical analysis landscape, MicroSectors FANG+™ Index -3X Inverse Leveraged ETN is likely to reverse course and start pointing downward in the short term.
IShares MSCI Taiwan ETF made an initial foray below its 3 day Simple Moving Average around $48.46. The upper Bollinger Band® of iShares MSCI Taiwan ETF is at $49.05. On the other hand, note that iShares MSCI Taiwan ETF could begin to recover as it approaches significant support, now 40 cents away from $48.05. Dipping below could be an indication that further losses are ahead.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for iShares MSCI Taiwan ETF.
Fundamental indicators – Crude Oil Inventories in United States fell short of market expectations (-440,000) with a reading of -5.4 million, continuing the decline from the previous figure of 3.92 million.
Upcoming fundamentals: United States Philadelphia Fed Manufacturing Index (Nov) scheduled to come out tomorrow at 13:30 UTC.