- Vanguard Extended Market ETF bearish trend is facing a possible turning point at $138
- Bollinger analysis indicates upper Band® is at $86.65
Vanguard Small-Cap Growth Index Fund ETF Shares made an initial foray below its 50 day Simple Moving Average around $215.75. The upper Bollinger Band® of Vanguard Small Cap Growth ETF is at $220.08. Despite this, Vanguard Small Cap Growth ETF is eyeing the $214.84 support line.
Despite the market lacking direction, technical chart analysis strongly suggests Vanguard Small Cap Growth ETF is positioned for a downward move in the near term.
$138.47 marks the crossover point where Vanguard Extended Market ETF price action falls below its 10 day Simple Moving Average. On the other hand, note that bearish run for Vanguard Extended Market ETF is facing a possible turning point at $138, which is only 19 cents away. If this support line fails to hold, the next target will be at $137.41.
Overall, looking at the technical analysis landscape, it seems Vanguard Extended Market ETF is likely to continue pointing down in the short term.
IShares J.P. Morgan USD Emerging Markets Bond ETF made an initial foray below its 200 day Simple Moving Average around $84.82. In contrast, iShares J.P. Morgan USD Emerging Markets Bond ETF is trending down and heading towards $84.7, which is only 10 cents away now. Hitting this support line might signal a change of direction. The lower Bollinger Band® of iShares J.P. Morgan USD Emerging Markets Bond ETF is at $84.51.
Although price action remains in a stalemate, technical analysis suggests iShares J.P. Morgan USD Emerging Markets Bond ETF could be primed for a break to the downside.
Fundamental indicators – United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5.