NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
196 2 14
5 months ago
IBB             is potentially a giant weekly short. I'd like to go short at the open, or if we get a slight retrace, with stops at 257.58.
Target is as low as 207.70, at the ver least. You can see the previous weekly signal on chart to the left, it hit the target and even exceeded it after confirming the decline as per the 'Time at mode' method.
You may pick your preferred bearish strategy, feel free to comment too.

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
5 months ago
Comment: Beautiful.
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coolingla PRO
5 months ago
I agree. First target $230 will reach in a few weeks.
Reply
IvanLabrie TOP coolingla
5 months ago
Yes, that's fairly doable, probably within a couple days I'd say.
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