Wow-- fwiw, in last 90 seconds of trading, the XBI 6-mo chart just triggered a Parabolic-SAR shift from sell to "buy," for the first time in a month...... Don't know if this sentiment will hold up and get stronger, i don't think the P-SAR is all that reliable as a predictor of future rebounds, but it's almost like some hedge funds' algos were "determined" to trigger a shift in the P-SAR.
Moreover, the XBI finished slightly above its 200dma for the first time since last Wed.
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