Is the bullish run coming to an end? iShares MSCI USA Value Factor ETF closed at $89.7 (-0.1%)

Though in the midst of a 4 day uptrend, gaining a total of 2.26%, ($2.07), The prevailing bullish trend is beginning to fade following yesterday's downbeat session. Down on the day: iShares MSCI USA Value Factor ETF closed at $89.7 after ranging between $89.37 and $90.27.

Meanwhile, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 191,500, while the previous figure was 216,600. United States CFTC Gold speculative net positions came out at 179,800. United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 20,000, while the previous figure was 21,400.

IShares MSCI USA Value Factor ETF made an initial break below its 21 day Simple Moving Average at $89.76, a possible indication of a forthcoming negative trend. On the other hand, note that although iShares MSCI USA Value Factor ETF is down today and was as low as $89.37, it seems to be recovering slightly and climbing away from the $89.29 support line and is now 41 cents above it.

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.

In the meantime, negative performances are also seen in other markets, Nike falls 3.46% yesterday and closed at $118.87. After ending yesterday's session at $93.76, Walt Disney lost $2.41 and is trading around $91.35.

All in all, the fund has been on a negative trend for around a month. IShares MSCI USA Value Factor ETF has shed 5.59% over the past three months.