Buyers pushing VO towards its price target of $212.84; currently at $213.45

• Bullish session prepares challenge of $212.84 level, currently 61 cents above current price of $213.45
• Despite posting gains, the MACD index suggests Vanguard Mid-Cap ETF's medium-term trend indication has turned negative

Vanguard Mid-Cap Index Fund ETF Shares's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. Despite this, carrying strong bullish sentiment, Vanguard Mid-Cap ETF surpassed $212.58 as its key Fibonacci resistance hurdle with sights already set on the next Fib level at $218.23. Vanguard Mid-Cap ETF's run now faces a challenge at $212.84, which is only 61 cents away and will be interesting to follow.

Vanguard Mid-Cap ETF is likely to reverse course and start pointing downward in the short term.

Around $64.2, Communication Services Select Sector SPDR Fund can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, Communication Services Select Sector SPDR Fund is hovering around the $63.63 Fibonacci support level. Bearish run for Communication Services Select Sector SPDR Fund is facing a possible turning point at $63.65, which is only 23 cents away. If this support line fails to hold, the next target will be at $63.23.

Overall, looking at the technical analysis landscape, it seems Communication Services Select Sector SPDR Fund —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

It will be interesting to follow how Real Estate Select Sector SPDR Fund's run now faces a challenge at $36.22, which is only 44 cents away. Around $36.65, Real Estate Select Sector SPDR Fund can look to establish a new bullish phase beyond its 21 day Simple Moving Average.

Overall, looking at the technical analysis landscape, it seems Real Estate Select Sector SPDR Fund might continue pointing upwards in the short term.

Fundamental indicators – United States 2-Year Note Auction released today at 17:00 UTC with a figure of 4.67, while the previous figure was 4.3.

Upcoming fundamentals: United States Core Durable Goods Orders is projected to outperform its last figure with -0.2%. It previously stood at -0.3%; data will be released tomorrow at 12:30 UTC.