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Re: value1008 post# 116

Wednesday, 08/24/2016 10:43:37 AM

Wednesday, August 24, 2016 10:43:37 AM

Post# of 510
Here's that chart again for the XBI, which should show for a few hours (until it defaults to simpler parameters) the points i was discussing last night....

Note today's test of upper Bollinger band and horizontal price levels from a few weeks ago. RSI still has room to run higher, and MACD is curling up in bullish fashtion. Yes, i think XBI has good chance to run to upper $60s here, at least (Fed news later this week will of course be a big factor).

Best hope for LABD holders (or shortsellers of XBI) is that a double-top happens and XBI falls back down....