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SPDR Series Trust SPDR S&P Biotech ETF
Updated
Oct 16, 2024
XBI eyes on $99.96 above, 99.12 below: narrow range to break
2
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Oct 16, 2024
Biotech tryhing to mount a bounce again.
XBI currently testing key fibs of wave down.
Look for break of range for clues on next move.
$ 99.96 break would be the key bull signal.
$ 99.12 hold would indicate strong bulls here.
$ 98.29 below is a MUST-HOLD and thus SL area.
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Oct 16, 2024
Trade active
BOOM
We have IGNITION! (yellow area is from posting time)
.
Zoom IN (m5)
Nice bounce entry from our support fib.
Not as clean as others, but normal for XBI.
Pretty clean responses after the bounce.
.
Watch $100.48 to break or reject.
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Fibonacci
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Support and Resistance
EuroMotif
Mod
Follow
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
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