IShares MSCI USA Value Factor ETF was flat yesterday following three consecutive days of gains

A quick look at yesterday: after ending Wednesday at $92, iShares MSCI USA Value Factor ETF went up to $92.28 only to drop back to its starting point and close at $91.97.

United States Non Farm Payrolls is next.

IShares MSCI USA Value Factor ETF's state is reflected by market data as United States Initial Jobless Claims fell short of the 200,000 projections, with new data of 228,000. United States Reserve Balances with Federal Reserve Banks released yesterday at 20:30 UTC with a figure of 3.38 trillion, while the previous figure was 3.40 trillion. United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.63 trillion, while the previous figure was 8.71 trillion.

Chart analysis indicates iShares MSCI USA Value Factor ETF is approaching key support, around 28 cents away from $91.69. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Technical analysis trend indicators suggest that iShares MSCI USA Value Factor ETF made an initial breakout above its 5 day Simple Moving Average at $92.26, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that iShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $93.42, suggesting that a downward move may follow.

All in all, the technical analysis suggests iShares MSCI USA Value Factor ETF has no clear-cut direction.

While iShares MSCI USA Value Factor ETF was pretty flat yesterday, mixed performances were seen elsewhere as Alphabet added 3.76% and closed around $104.95 yesterday. Alibaba is trading around $102.74 after ending yesterday's session at $98.55 (up 4.25% today). Microsoft went up by 2.55% yesterday, and closed at $291.6.

Data to be released Monday might clear up some of the market fog as as things stand, upcoming United States Non Farm Payrolls data is projected to fall short of market expectations with newly published data of 239,000, following on from the preceding figure of 311,000. New data is set to be published today at 12:30 UTC. United States Unemployment Rate is expected today at 12:30 UTC.

After hitting an important low of $81.86 approximately 6 months ago, iShares MSCI USA Value Factor ETF has bounced back 12.41% since.