- SPDR Bloomberg Barclays High Yield Bond ETF's recent run now faces a challenge at $91.62
- ProShares UltraPro Short Russell2000's upper Bollinger Band® is at $54.73 which indicates a further downward move may follow.
Technical analysis of SPDR Bloomberg Barclays High Yield Bond ETF's past price action reveals multiple support and resistance levels: SPDR Bloomberg Barclays High Yield Bond ETF's run now faces a challenge at $91.62, which is only 25 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Trend and momentum analysis indicates that around $91.34, SPDR Bloomberg Barclays High Yield Bond ETF can look to establish a new bullish phase beyond its 200 day Simple Moving Average. SPDR Bloomberg Barclays High Yield Bond ETF is hovering above a known Fibonacci resistance level of $91.45. According to asset volatility analysis, SPDR Bloomberg Barclays High Yield Bond ETF's upper Bollinger Band® is now at $91.88.
For the time being, SPDR Bloomberg Barclays High Yield Bond ETF remains flat without a clear direction.
Concerning technical analysis and more specifically, trend indicators, iShares MSCI South Korea ETF'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 Bollinger Band® analysis indicates that current price action is approaching the upper band at $65.25, thereby suggesting that iShares MSCI South Korea ETF is becoming overvalued. Support/Resistance levels obtained from chart analysis indicate that iShares MSCI South Korea ETF's recent run now faces a major challenge as concentrated supply is likely found at $65.35 with price action currently 19 cents away.
For the time being, iShares MSCI South Korea ETF remains flat without a clear direction.
Visual analysis of ProShares UltraPro Short Russell2000's chart shows that a convincing break of this target could pave the way for deeper losses. Trend analysis indicates that ProShares UltraPro Short Russell2000's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Asset volatility analysis shows that ProShares UltraPro Short Russell2000's lower Bollinger Band® is now at $45.8.
For the time being, ProShares UltraPro Short Russell2000 remains flat without a clear direction.
Fundamental indicators – highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 339,000.