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

[THREE-DAY-TRADER]

Nice late day action in the last 20 min before close.
Just be sure to watch the 62.00 area of XBI for support (or break down) in terms of clues if LABD will resume back upward.
If XBI breaks below 62, then also be mindful of watching for a break below possibly 61 (main support).
Otherwise the XBI will keep coming back strong for a while (back toward 65+) if it can hold 62 & 61.

I'm still watching LABD for re-entry, however I'm cautious yet.
But I've got other ideas developing in any event (regardless of LABD).
I may go into a new idea this week yet (& i'll be e-mailing my followers privately first when I would do so--- as usual)