IBB - Biotech on steroid! Short

iShares Biotechnology ETFNASDAQ

Description

⋅ Mar 11, 2015 8:45 PM

IBB is over extended. Last time it stretched this size it didn't end well.
Also, SPY is getting chopped while IBB haven't had a dent!
Next leg down for SPY would be the time institutions start dumping IBB.

Comments

Market_Masta

⋅ Mar 17, 2015 5:16 AM

Blow off top.

damoonmotamedi

⋅ Mar 17, 2015 7:04 AM

The Higher They Climb, The Harder They Fall!