NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
28 5 0
...this correction will take us down. It may also depend on the overall market prospect. The daily indicators advice a lower Biotech at least.
I'm giving up. Obviousely the (blue) resistance cannot be overcome.
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jangseohee motleifaul
that blue line coincide with my channel top (considered as double resistance), whats more.. divergence happening
snapshot
+1 Reply
first shoulder? only histogram divergence, MACD still making higher high
snapshot
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motleifaul jangseohee
I am not sure. May be you are right. I am looking at RSI divergence and the negative Money flow. However, money flow has not proved very relieable in the past.
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jangseohee motleifaul
fingers crossed, not necessary i am right... its just my analysis
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