123Tom's TA study group

[kevindenver]

Roughly coincides with the Recognia Inverse H&S you posted about on the Anavex board

I'll split the difference and call $7.75 resistance to beat on $$AVXL.

Now in the $XBI trade, I have less faith in as the "story" from a fundamental market sentiment standpoint on small cap is that this is a false rally and the debt wave of refinancing will crush them all... But besides that fundamental stuff, which is overblown, what's the $XBI look like to you? and maybe the Russell 2000 for broader feel?
A bullish or at least stable macro environment is always nice to deliver news into for $AVXL.