TheChasm
Short

IBB Biotechs overextended

BATS:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
62 2 0
Biotechs trading well above the 20 MA and have been going crazy over the past year. Good chance for major or minor correction. Buy your puts
TheChasm
2 years ago
Puts are soo expensive on this thing... I am not even going to bother touching it until I see lower high/lows then maybe I'll consider shorting
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TheChasm
2 years ago
Made 1 more wave up since I made this chart. Finally Making new lows and breaking down. Bearish Sign. Could be the start of the correction.
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