VLUE closed at $93.07 after losing 0.11% Friday

A quick look at Friday: a tough session dominated by bearish sentiment left VLUE 10 cents lower, while setting a $92.53 to $93.84 session range.

IShares MSCI USA Value Factor ETF made an initial break below its 200 day Simple Moving Average at $92.78, a possible indication of a forthcoming negative trend. Price action pushed below a known Fibonacci support level at $93.08 by around 0.734 cents with prices hammering out a $92.53 – $93.84 range by session close. Despite this, iShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 62 cents away from $92.45. 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.

In the meantime, negative performances are also seen in other markets, Boeing dips 5.56% Friday and closed at $213.59.

Positive performances can be seen by looking at other markets as JP Morgan Chase added 7.55% and closed around $129 Friday. BlackRock went up by 3.07% Friday, and closed at $691.33.

After hitting an important low of $81.86 approximately 6 months ago, iShares MSCI USA Value Factor ETF has bounced back 13.82% since.