Direxion Daily S&P Biotech Bear 3X Shares (LABD)

[THREE-DAY-TRADER]

The XBI (biotech) is holding its key supportive areas and is showing strength in trend resumption.
So for LABD re-entry potential I am still on the sidelines (for a swing trade daily chart attempt) & sticking to my original thesis for reasons of exiting it a while back at 23's+.
A good chance LABD sees below 20 yet, based on what XBI is showing. Anything possible yet, but it is looking more in favor of XBI now again.

Watch that 64.90-65.00 top area on XBI that it might re-test and break above.