Thursday, January 19, 2017 11:40:12 PM
one more XBI chart....
It involves large swing waves, the grand picture, what could be a bounce into resistance around 73-77-80 area, is a danger zone. In 2016 we saw the S+P run to all time highs and a higher high,above the 2015 peak. ...but the biotech sector has struggled. The bullish picture has these targets around 100. and that's what the S+P did...but the biotech sector struggles,after the 2015 peak.
This is a chart of a struggling sector. will it fail at the resistance shoulder zone (73-77-80) ?
It involves large swing waves, the grand picture, what could be a bounce into resistance around 73-77-80 area, is a danger zone. In 2016 we saw the S+P run to all time highs and a higher high,above the 2015 peak. ...but the biotech sector has struggled. The bullish picture has these targets around 100. and that's what the S+P did...but the biotech sector struggles,after the 2015 peak.
This is a chart of a struggling sector. will it fail at the resistance shoulder zone (73-77-80) ?
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