MBB is trading at $94.43, its target level is $94.31

• IShares MBS ETF bearish trend is facing a possible turning point at $94.31
• IShares Russell Mid-Cap Growth ETF's upper Bollinger Band® is at $91.88 which indicates a further downward move may follow.

IShares MBS ETF made an initial foray below its 200 day Simple Moving Average around $94.61. In contrast, a convincing break of this target could pave the way for deeper losses.

Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting iShares MBS ETF to extend its recent losses.

IShares Russell Mid-Cap Growth ETF has formed a "bearish harami” pattern. $90.14 marks the crossover point where iShares Russell Mid-Cap Growth ETF price action falls below its 50 day Simple Moving Average. IShares Russell Mid-Cap Growth ETF is hovering around the $90.08 Fibonacci support level. IShares Russell Mid-Cap Growth ETF's upper Bollinger Band® is at $91.88 which indicates a further downward move may follow. Despite this, iShares Russell Mid-Cap Growth ETF could begin to recover as it approaches significant support, now 69 cents away from $89.81. Dipping below could be an indication that further losses are ahead.

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

ProShares UltraShort 20+ Year Treasury's run now faces a challenge at $28.76, which is only 19 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Fundamental indicators – Core Retail Sales in United States fell short of market expectations (-0.3%) with a reading of -0.8%, continuing the decline from the previous figure of 0%.