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Oct 28, 2018 11:30 PM
Short IBB setup (Watch for next week's bounce)
Short
NASDAQ:IBB
1W
iShares Biotechnology ETF
NASDAQ
Description
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Oct 28, 2018 11:30 PM
IBB broke the previous upward TL. However, my indicator reached the bounce area, I would expect it to have a bounce to the broken TL for a retest before heading down lower. If breaking the weekly bullish cloud ahead, downside will be greater.
Chart Patterns
Trend Analysis
IBB
SPDR S&P 500 ETF (SPY)
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