Has been supported by markets but not for long. check out 200 day ma..
The gap may close to 57.30's but I'm expecting it to fall below mid 55's , where it should continue to drop IMO
XBI below every major MA except 100 SMA and this lies on an important point in the Kumo. IMO if this breaks and sell off starts, it could impact the entire market.
this has been playing out perfectly. Below daily cloud soon.
Crossed back into major downtrend and daily cloud bearish
XBI etf telegraphs well
have to be able to adapt. I sold $vrx earlier today, long $labd
A break of this neckline and my target changes to bottom of monthly cloud
Check out bottom trend line and today's bottom. Unconvincing bounce.
1) Gaps under 50DMA 2) long red Maruboza 3) About to cross daily Ichi 4) Breaks out of upward channel
MACD is about to crossover on the YTD interval, and middle Bollinger band will soon touch price signifying a bullish characteristic. Keep an eye out on this.
looks like we will see some resistance and maybe another drop.
Big short potential if IBB doesn't break back into the wedge tomorrow (2/11). Ill be looking to add more LABD by the end of the week if we don't see a bounce. This could be a big one!