Is the bullish run coming to an end? Industrial Select Sector SPDR Fund closed at $102.4 (-0.26%)

Though in the midst of an 8 day uptrend, gaining a total of 5.73%, ($5.82), Friday's session suggests run might be coming to an end — Industrial Select Sector SPDR Fund dipped as low as $101.73 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session ($102.69) with Industrial Select Sector SPDR Fund closing the day at $102.4.

Industrial Select Sector SPDR Fund made an initial break below its 3 day Simple Moving Average at $102, a possible indication of a forthcoming negative trend. Industrial Select Sector SPDR Fund's upper Bollinger Band® is at $103.24 which indicates a further downward move may follow. In contrast, Industrial Select Sector SPDR Fund reversed direction at $101.83 support zone and climbed 57 cents above it.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Industrial Select Sector SPDR Fund.

In the meantime, negative performances are also seen in other markets, after ending Friday's session at $124.91, ProLogis lost $3.6 and is trading around $121.31.

Positive performances can be seen by looking at other markets as Adobe is trading around $454 after ending Friday's session at $439.03 (up 3.41% today).

Furthermore, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.

Industrial Select Sector SPDR Fund hit a significant low of $82.84 around 8 months ago, but has since recovered 23.94%.