- Strong bullish sentiment set to meet bearish fightback around key resistance at $45.1, currently 12 cents away
- The lower Bollinger Band® is currently at $33.48 while the higher band is at $36.25
Around $44.9, Schwab U.S. Large-Cap ETF can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Price action overcame a known Fibonacci resistance level at $45.19 by around 2.822 cents with prices hammering out a $44.83 – $45.52 session range. Schwab U.S. Large-Cap ETF’s recent run now faces a major challenge as concentrated supply is likely found at $45.1 with price action currently 12 cents away.
Overall, looking at the technical analysis landscape, it seems Schwab U.S. Large-Cap ETF might continue pointing upwards in the short term.
Technical analysis of Industrial Select Sector SPDR Fund’s past price action reveals multiple support and resistance levels: Industrial Select Sector SPDR Fund’s run now faces a challenge at $96.59, 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. Technical analysis trend indicators suggest that Industrial Select Sector SPDR Fund’s CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Industrial Select Sector SPDR Fund’s upper Bollinger Band® is at $98.35.
Overall, while Industrial Select Sector SPDR Fund has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
IShares MSCI Emerging Markets ETF’s run now faces a challenge at $36.46, which is only 5 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Around $36.33, iShares MSCI Emerging Markets ETF can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Despite this, iShares MSCI Emerging Markets ETF’s upper Bollinger Band® is now at $36.25.
Overall, looking at the technical analysis landscape, it seems iShares MSCI Emerging Markets ETF likely to continue pointing upward in the short term.
Fundamental indicators – United States 3-Year Note Auction released today at 18:00 UTC with a figure of zero, while the previous figure was 4.318.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with 1.1 million. It previously stood at -3.12 million; data will be released tomorrow at 15:30 UTC.