Is the bullish run coming to an end? iShares MSCI USA Value Factor ETF closed at $89.71 (-0.17%)

Though in the midst of a 3 day uptrend, gaining a total of 1.82%, ($1.75), Yesterday's session suggests run might be coming to an end — iShares MSCI USA Value Factor ETF slid down from $89.86 to $89.71, taking a 15 cents loss (0.17%)

United States EIA Short-Term Energy Outlook is next today at 16:00 UTC.

IShares MSCI USA Value Factor ETF made an initial break below its 5 day Simple Moving Average at $89.69, a possible indication of a forthcoming negative trend. A Bearish Harami chart pattern, which is a means of predicting reversals in bull markets. When a Bearish Harami is detected at the top of a prevailing uptrend, it is typically considered a bearish signal and a prelude to a potential trend reversal. Despite this, iShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 27 cents away from $89.44. Dipping below could be an indication that further losses are ahead.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts iShares MSCI USA Value Factor ETF to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the iShares MSCI USA Value Factor ETF is expected to attract significant bearish sentiment in the coming days.

Positive performances can be seen by looking at other markets as Novo Nordisk is trading around $168.44 after ending yesterday's session at $163.24 (up 3.19% today). Walt Disney is trading around $102.97 after ending yesterday's session at $100.52 (up 2.44% today).

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Crude Oil Inventories expected to decline to -1.6 million while its preceding data was -1.28 million, data will be available tomorrow at 14:30 UTC.

Furthermore, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.

IShares MSCI USA Value Factor ETF has shed 7.58% over the past three months.