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

[Sendme]

I am still in this with you my friend. But I think that XBI is going to go higher, so I am not planning on holding too long here. Just some thoughts, I hope that XBI will bounce off the pink 100 MA and retest the bottom trend line and get rejected. LOL But this is only a 30 minute chart, so I don't use it as a sign of a reversal, just scalping. I take profits on the 30 minute chart as well, which will be close to the purple 200 MA which will be moving up next week. (I will take profits on LABD if the XBI hits the 200 MA)

This could be a false break out to the down side as well, be careful.


LABD 30 minute chart with target on the 30 minute chart. Will use a trailing stop at the purple 200 MA

Best of luck next week. Hope we make a few bucks. Then time for a little LABU action. Just remember it is your money and not mine, so please trade your plan, never take financial advice from ihub. LOL