Buyers pushing VXX towards its price target of $44.54; currently at $43.77

• Strong bullish sentiment set to meet bearish fightback around key resistance at $44.54, currently 77 cents away
• The lower Bollinger Band® is currently at $-7.28 while the higher band is at $43.51

Chart analysis indicates iPath Series B S&P 500 VIX Short-Term Futures ETN's recent run now faces a major challenge as concentrated supply is likely found at $44.54 with price action currently 77 cents away. Trend and momentum analysis indicates that iPath Series B S&P 500 VIX Short-Term Futures ETN's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates iPath Series B S&P 500 VIX Short-Term Futures ETN is in a strong overbought condition. According to asset volatility analysis, iPath Series B S&P 500 VIX Short-Term Futures ETN's upper Bollinger Band® is now at $43.51.

Notwithstanding iPath Series B S&P 500 VIX Short-Term Futures ETN's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Technical analysis shows that a persuasive break of this target could lead to higher losses. Concerning technical analysis and more specifically, trend indicators, $40.25 marks the crossover point where Vanguard FTSE Emerging Markets ETF price action falls below its 200 day Simple Moving Average. Analysis based on the asset volatility indicates that Vanguard FTSE Emerging Markets ETF's lower Bollinger Band® is at $39.25.

For the time being, Vanguard FTSE Emerging Markets ETF remains flat without a clear direction.

IShares MSCI EAFE ETF's notable support and resistance levels: iShares MSCI EAFE ETF is trending down and heading towards $69.09, which is only 43 cents away now. Hitting this support line might signal a change of direction. Technical analysis trend indicators suggest that iShares MSCI EAFE ETF made an initial foray below its 50 day Simple Moving Average around $69.69. IShares MSCI EAFE ETF is hovering around the $70 Fibonacci support level. Asset volatility analysis shows that iShares MSCI EAFE ETF's lower Bollinger Band® is at $68.93, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

For the time being, iShares MSCI EAFE ETF remains flat without a clear direction.

Fundamental indicators – United States API Weekly Crude Oil Stock came out at -3.83 million, while a consensus of analysts was expecting -308,000.

Upcoming fundamentals: United States ADP Nonfarm Employment Change (Feb) is expected today at 13:15 UTC.