Buyers pushing MTUM towards its price target of $138.9; currently at $138.39

• IShares MSCI USA Momentum Factor ETF's recent run now faces a challenge at $138.9
• Upper Bollinger Band® currently at $72.67

IShares MSCI USA Momentum Factor ETF's run now faces a challenge at $138.9, which is only 51 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Despite posting gains on Friday, iShares MSCI USA Momentum Factor ETF slid below its 10 day Simple Moving Average at $137.78 during the last session — an early indicator that a negative trend could be emerging.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates iShares MSCI USA Momentum Factor ETF is set for a reversal in the coming days.

IShares National Muni Bond ETF made an initial foray below its 5 day Simple Moving Average around $106. Price action pushed below a known Fibonacci support level at $106.04 by around 7.86 cents with prices hammering out a $105.88 – $106.3 range by session close. On the other hand, note that a convincing break of this target could pave the way for deeper losses.

Looking forward, iShares National Muni Bond ETF is poised to extend its strong downtrend and continue declining.

Support/Resistance levels obtained from chart analysis indicate that iShares U.S. Financials ETF's recent run now faces a major challenge as concentrated supply is likely found at $73.26 with price action currently 56 cents away. Trend-focused traders would be interested to note that iShares U.S. Financials ETF's CCI indicator is above +100. IShares U.S. Financials ETF is alternating around the $72.16 Fibonacci resistance level. According to asset volatility analysis, iShares U.S. Financials ETF's upper Bollinger Band® is now at $72.67.

For the time being, iShares U.S. Financials ETF remains flat without a clear direction.

Upcoming fundamentals: United States Services PMI is expected today at 13:45 UTC.