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

[Sendme]

You know my old saying, when the daily chart doesn't go according to plan, look at the weekly chart. LOL So here is the weekly IBB chart. Price bounced off the 200 MA. Price is in the middle of the triangle pattern, probably not the best time to trade. Oh well, that is what stop losses are for.






Since I am back at work now, I try to find daily set ups, but here is a 60 minute chart view on LABD