Is it the end of Industrial Select Sector SPDR Fund's rally? After four days of gains, it is down by 0.24% today

Industrial Select Sector SPDR Fund drops from $99.95 to $99.71, losing 24 cents (0.24%) today.

Highly important Core Retail Sales data from United States beat analyst expectations of -0.3% with a reading of -0.8%. Following a previous reading of -0.2%, Retail Sales in United States released today at 12:30 UTC fell short of the -0.4% figure expected by analysts with an actual reading of -1%. United States Producer Price Index published yesterday at 12:30 UTC came out at -0.5%, falling short of the 0.1% projections and continuing its decline from the previous 0% figure.

Industrial Select Sector SPDR Fund made an initial break below its 10 day Simple Moving Average at $99.45, a possible indication of a forthcoming negative trend. Bearish sentiment was sufficient to push prices below the known Fib level of $99.57 serving as intraday support. Industrial Select Sector SPDR Fund's upper Bollinger Band® is at $101.44 which indicates a further downward move may follow. In contrast, Industrial Select Sector SPDR Fund could begin to recover as it approaches significant support, now 75 cents away from $98.96. Dipping below could be an indication that further losses are ahead.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts Industrial Select Sector SPDR Fund to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the Industrial Select Sector SPDR Fund is expected to attract significant bearish sentiment in the coming days.

In the meantime, negative performances are also seen in other markets, after ending yesterday's session at $213.59, Boeing lost $12.16 and is trading around $201.43.

Other assets are showing positive performances as having closed the previous session at $129, JP Morgan Chase is up 7.27% today to currently trade at around $138.37. Bank of America leaps up 3.64% to trade around $29.6.

Industrial Select Sector SPDR Fund is now trading 3.59% below the significant high of $103.67 it set around a month ago.