cashcow04

IBB 61.8 Fibo - Bearish Reversal coming?

NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
32 0 1
Showed some signs of weakness intraday today after a bullish run in the past week. Volume still isn't convincing me this can continue so I sold out of my May 27 Weekly Calls for a 230% profit. (Entry 1.10 Exit 3.64). Bumping up against the 61.8 Bearish Fibo point of view. If you look at the Weekly/Monthly view, this thing could go down to 220 technically. We'll see!
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